New Zealand providers PMI (December 2024) 47.9 (prior 49.1)

New Zealand’s providers sector PMI from the BNZ – BusinessNZ Efficiency of Providers Index (PSI) for December 2024:

47.9

• prior 49.1

New Zealand’s providers sector exhibited a quicker fee of contraction

• nicely under the typical of 53.1 over the historical past of the survey
• sector has now been in contraction for ten consecutive months
• Respondents’ feedback had been closely centered on the price of dwelling and the overall financial local weather/recession.

BNZ’s Senior Economist Doug Metal:

• “evaluating throughout our key buying and selling companions, New Zealand has the one PSI in contraction. Our neighbour Australia is the closest comparability, however their equal PSI is sitting extra comfortably at 50.eight”

Earlier this month:

• New Zealand December Manufacturing PMI 45.9 (prior 45.5)

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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