NZ BusinessNZ Services Index
Track the NZ BusinessNZ Services Index to gauge service sector growth. Key for NZD valuation.
Overview
A value above 50.0 signals expansion, while a value below indicates contraction.
Key Information
What it Measures
This index reflects the level of activity based on surveys conducted with purchasing managers in the services sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically favors the currency.
Source & Frequency
BusinessNZ (latest release) - https://www.businessnz.org.nz/ • Data is released monthly, approximately 15 days after the conclusion of the month.
How Data is Derived
Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
Performance of Services Index
Acronym
N/A