The service sector recovered from a previous lacklustre result to record its highest level of expansion for 20 months, with a seasonally adjusted PSI for November at 56.6.
Benchmarking
No Xmas cheer for manufacturing – PMI
Manufacturing activity fell further into contraction during November, with a seasonally adjusted PMI for November at 45.7.
Close call for service sector expansion – PSI
A drop in expansion meant the service sector only just managed to keep on the positive side, with a seasonally adjusted PSI for October at 50.6.
Manufacturing drops the ball – PMI
After six consecutive months of expansion, manufacturing activity fell into contraction during October, with a seasonally adjusted PMI for October at 46.5.
Service sector expansion within tight band – PSI
The service sector remains within a very tight band of expansion that has now continued for three months, with a seasonally adjusted PSI for September at 53.2.
Manufacturing keeps its head above water – PMI
Despite another dip in expansion, manufacturing activity managed to keep its head above water, with a seasonally adjusted PMI for September at 50.8.
Healthy levels of business and sales means service sector remains in positive light – PSI
Continuing healthy levels of new business/orders and activity/sales kept the service sector in expansion for August, with a seasonally adjusted PSI for August at 53.9.
Mix brings steady expansion for manufacturing – PMI
August saw a mix of results that kept manufacturing in expansionary mode, with a seasonally adjusted PMI for August at 52.9.
Pass mark for mid-year report – PSI
The service sector experienced a solid if unspectacular result halfway through 2011, with a seasonally adjusted PSI for July at 54.5.
Australia provides stability through choppy seas – PMI
July saw ongoing durability in New Zealand’s manufacturing sector, partly aided by our trans-Tasman cousins, with a seasonally adjusted PMI for July at 53.2.
On a five-month roll – PSI
The service sector continues to roll into higher levels of expansion, with a seasonally adjusted PSI for June at 54.7.
Time to go steady – PMI
Activity in the manufacturing sector for June saw an ongoing and steady level of expansion, with a seasonally adjusted PMI for June at 54.3.