Financial News: New Zealand Services Index Improves To 48.9 -

New Zealand Services Index Improves To 48.9 - BusinessNZ

05/17/2026 - 19:00:00 (RTTNews)

(RTTNews) - The services sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.

That's up from the upwardly revised 46.2 (originally 46.0), although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, supplier deliveries (46.6), activity/sales (48.9), employment (48.5) and stocks/inventories (47.6) all contracted, while new orders/business (51.2) expanded.

"At first glance, the jump in the headline index from 46.2 in March to 48.9 in April might be read as hope the New Zealand economy is proving to be remarkably resilient to the war in the Middle East. On the other hand, it could be interpreted as further evidence that the economy is struggling to get its head above water," said BNZ Head of Research, Stephen Toplis.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.K. House Prices Fall For Third Month: Halifax Survey (10 hr(s), 25 min(s), 52 sec(s) ago)
(RTTNews) - House prices in the U.K. fell for a third month in a row in May amid the global uncert ...Full Story»

U.S. Job Growth Far Exceeds Estimates In May (12 hr(s), 16 min(s), 52 sec(s) ago)
(RTTNews) - Employment in the U.S. jumped by much more than expected in the month of May, accordin ...Full Story»

U.S. Employment Jumps By 172,000 Jobs In May, Much More Than Expected (13 hr(s), 18 min(s), 52 sec(s) ago)
(RTTNews) - Employment in the U.S. jumped by much more than expected in the month of May, accordin ...Full Story»

U.S. Employment Jumps By 172,000 Jobs In May, Much More Than Expected (13 hr(s), 20 min(s), 52 sec(s) ago)
(RTTNews) - Employment in the U.S. jumped by much more than expected in the month of May, accordin ...Full Story»

India GDP Growth Accelerates (13 hr(s), 36 min(s), 52 sec(s) ago)
(RTTNews) - India's economy logged robust growth in the March quarter despite geopolitical ten ...Full Story»

Eurozone Economy Shrinks For First Time Since 2022 (13 hr(s), 41 min(s), 52 sec(s) ago)
(RTTNews) - The euro area economy contracted for the first time in more than three years in the fi ...Full Story»

India Maintains Key Interest Rates; Unveils Measures To Boost Dollar Inflows (14 hr(s), 53 min(s), 52 sec(s) ago)
(RTTNews) - The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a ...Full Story»

BoE DMP Survey Shows Firms Raise Year-ahead Output Price Inflation Expectations (16 hr(s), 22 min(s), 52 sec(s) ago)
(RTTNews) - A Bank of England survey showed on Friday that businesses expect a bigger increase in ...Full Story»