Financial News: New Zealand Services Index Improves In June -

New Zealand Services Index Improves In June - BusinessNZ

07/13/2025 - 18:38:00 (RTTNews)

(RTTNews) - The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.

That's up from the upwardly revised 44.1 in May (originally 44.0), although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, sales (44.5), employment (47.4), new orders (48.8) and supplier deliveries (46.8) all contracted, while stocks and inventories (50.6) expanded.

"While the headline PSI measure did lift from 44.1 to 47.3, every month it remains below 50 suggests service sector conditions are getting worse not better. The timeline for New Zealand's long-awaited economic recovery just keeps getting pushed further and further out," BNZ Senior Economist Doug Steel said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

China Exports Rise More Than Forecast (16 min(s), 42 sec(s) ago)
(RTTNews) - China's exports growth exceeded expectations and imports rebounded in June, offici ...Full Story»

Singapore GDP Jumps 5.6% In Q2 (08 min(s), 18 sec(s) ago)
(RTTNews) - Singapore's gross domestic product expanded a seasonally adjusted 5.6 percent on q ...Full Story»

Japan Core Machinery Orders Sink 0.6% In May (06 min(s), 18 sec(s) ago)
(RTTNews) - The value of core machinery orders in Japan was down a seasonally adjusted 0.6 percent ...Full Story»

New Zealand Services Index Improves In June - BusinessNZ (35 min(s), 18 sec(s) ago)
(RTTNews) - The services sector in New Zealand continued to contract in June, albeit at a slower p ...Full Story»

China Trade Data Due On Monday (56 min(s), 18 sec(s) ago)
(RTTNews) - China will on Monday release June figures for imports, exports and trade balance, high ...Full Story»

Malta Industrial Production Rebounds In May (07 min(s), 18 sec(s) ago)
(RTTNews) - Malta's industrial output expanded in May after a renewed decline in April, data f ...Full Story»

UK Economy Contracts For Second Straight Month (50 min(s), 18 sec(s) ago)
(RTTNews) - The UK economy shrank for the second consecutive month in May, adding challenges to Ch ...Full Story»

Turkey Retail Sales Growth Strongest In 14 Months (14 min(s), 18 sec(s) ago)
(RTTNews) - Turkey's retail sales expanded at the quickest pace in more than a year in May, th ...Full Story»