The service sector improved its level of expansion for April, although the devil is in the detail, with a seasonally adjusted PSI for April at 52.6.
Surveys & Statistics
April shows slight upturn in manufacturing activity – PMI
Despite recent shocks to the economy, manufacturing has continued its run of expansion, with a seasonally adjusted PMI for April at 51.5.
Tale of two islands for service sector activity – PSI
The recent Christchurch earthquake has led to a clear divide in the level of activity between the two main islands, with a seasonally adjusted PSI for March at 50.8.
Manufacturing activity shaken by quake – PMI
Manufacturing activity has been shaken over the last couple of months, but is still keeping its head above water, with a seasonally adjusted PMI for March at 50.1.
PMI & PSI surveys suspended for February
BNZ & BusinessNZ advise that their monthly surveys of the manufacturing and services sectors will not be operational for the month of February.
Lacklustre start to service sector activity for 2011 – PSI
Overall activity in the service sector for the first month of 2011 displayed a fairly lacklustre beginning, while the newly established Combined Index shows a similar pattern to the end of 2010. The seasonally adjusted PSI for January was 50.8.
Manufacturing continues expansion in January 2011 – PMI
Manufacturing activity in January 2011 shows a positive start to the year with the fourth consecutive month in expansion, with a seasonally adjusted PMI for January at 53.7.
Service sector closes 2010 on similar note – PSI
Overall activity in the service sector for the last month of 2010 ended up being a repeat of 2009, with a seasonally adjusted PSI for December at 52.5.
Solid end to manufacturing activity for 2010 – PMI
Manufacturing activity in 2010 ended on a solid note, with its third consecutive month in expansion, with a seasonally adjusted PMI for December at 53.1.
Slow slog for service sector heading into Christmas – PSI
Activity in the service sector is exhibiting little Christmas cheer, with a seasonally adjusted PSI for November at 51.4.
Manufacturing turns the corner in November – PMI
November finally saw manufacturing turn the corner with modest expansion in all regions and in all the indices measured, with a seasonally adjusted PMI for November at 52.7.
Service sector keeps its head above water – PSI
Despite a dip in expansion, the service sector activity continued to keep its head above water, with a seasonally adjusted PSI for October at 52.0.