The service sector breathed back into life during October. The PSI for September was 57.4.
Benchmarking
Holding on – PMI
NZ’s manufacturing sector returned to a minor level of expansion in October, although the sector remains in a flat state. The seasonally adjusted PMI for October was 50.5.
A red start to Spring – PSI
The service sector fell into technical contraction for the first time since mid-2010, with a seasonally adjusted PSI for September at 49.6.
Stuck in a rut – PMI
Despite a slight improvement from the previous month, NZ’s manufacturing sector remained stubbornly in contraction during September, with a seasonally adjusted PMI for September at 48.2.
Dead even – PSI
The service sector was in a complete holding pattern in August, with a PSI for August at 50.0.
August angst – PMI
NZ’s manufacturing sector fell further in contraction during August, with a seasonally adjusted PMI for August at 47.2.
New Zealand competitiveness rising
This year’s Global Competitiveness Index gives valuable feedback for New Zealand’s quest for competitiveness, says BusinessNZ.
Easing of expansion continues in service sector – PSI
Expansion levels for the service sector dipped for the second consecutive month, with a seasonally adjusted PSI for July at 53.1.
Neither here nor there – PMI
NZ’s manufacturing sector remains largely in a holding pattern, with a seasonally adjusted PMI for July at 49.4.
Service sector continues expansion path – PSI
Despite a dip in expansion levels, the service sector remains on the right side of growth, with a seasonally adjusted PSI for June at 54.3.
Mid-year middling – PMI
Manufacturing activity produced a mid-year flat patch, which was in line with offshore movements, with a seasonally adjusted PMI for June at 50.2.
New business boosts service sector expansion – PSI
Increased levels of new business/orders is assisting service sector expansion, with a seasonally adjusted PSI for May at 56.8.