Financial News: New Zealand Services Sector Falls To 50.6 In

New Zealand Services Sector Falls To 50.6 In August - BusinessNZ

08/16/2026 - 19:03:00 (RTTNews)

(RTTNews) - The services sector in New Zealand continued to expand in August, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 50.6.

That's down from the upwardly revised 80.9 in July (originally 50.6), although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, sales (50.5), new orders (52.6) and stocks (51.6) expanded, while supplier deliveries (48.5) and employment (48.5) contracted.

"It's encouraging to see the PSI hold above 50.0 for a second month running, even if the pace has eased slightly from June. Employment remains the sector's soft spot, sitting at 48.5 alongside Supplier Deliveries, which tells us firms are still cautious about committing to new hires. Until consumer confidence firms up further, this recovery will likely stay modest rather than becoming the stronger bounce we've seen in manufacturing," BusinessNZ CEO Katherine Rich said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Latvia Industrial Output Falls 0.2% In July (12 hr(s), 15 min(s), 44 sec(s) ago)
(RTTNews) - Latvia's industrial production declined for the first time in sixteen months in Ju ...Full Story»

Irish GDP Rebounds More Than Estimated In Q2 (12 hr(s), 31 min(s), 44 sec(s) ago)
(RTTNews) - Ireland's economy expanded more than initially estimated in the second quarter, th ...Full Story»

U.S. Job Growth Far Exceeds Estimates In August (12 hr(s), 46 min(s), 44 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by far more than economists had expected in the month ...Full Story»

U.S. Employment Jumps Far More Than Expected In August (13 hr(s), 52 min(s), 44 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by far more than economists had expected in the month ...Full Story»

Czech Inflation Rises To 1.9% In August; Retail Sales Growth Rebounds (14 hr(s), 21 min(s), 44 sec(s) ago)
(RTTNews) - Czechia's consumer price inflation accelerated further as expected in August, whil ...Full Story»

Eurozone Retail Sales Fall 0.6% (14 hr(s), 42 min(s), 44 sec(s) ago)
(RTTNews) - Eurozone retail sales declined unexpectedly in July after rising in the previous two m ...Full Story»

UK Construction Downturn Sustains In August (15 hr(s), 54 min(s), 44 sec(s) ago)
(RTTNews) - The UK construction activity continued to deteriorate in August, led by weakness in th ...Full Story»

German Construction Downturn Eases In August (18 hr(s), 10 min(s), 44 sec(s) ago)
(RTTNews) - Germany's construction sector downturn moderated notably in August amid a fresh gr ...Full Story»