New Zealand’s December Services PMI: A Closer Look at the Numbers (488 Prior vs. 512 Prior) – What Does it All Mean?
BusinessNZ Performance of Services Index (PSI) falls back into contraction What does this mean for New Zealand? The latest data shows that the BusinessNZ Performance of Services Index (PSI) fell back into contraction during December, with a reading of 48.8, down 2.3 points from November. This is well below the long-term average of 53.4. According…