BNZ – BusinessNZ Performance of Services Index for June 2024, via BusiznessNZ.
The report, in summary:
- Activity in New Zealand’s services sector for July showed some improvement after a horrendous June result
- 44.6 is the highest result since May
- has averaged 46.5 so far for 2024, compared with 53.2 over the history of the survey
BNZ’s Senior Economist Doug Steel:
- “to get some perspective on how challenging the current environment is for service sector firms, it’s notable the increase in the PSI does not even get the index back to the level it was during the depths of the GFC back in 2008/09”
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
