New Zealand Services Sector Falls Into Contraction
(RTTNews) - The services sector in New Zealand slipped into contraction territory in April, BusinessNZ said on Monday with a Performance of Services Index score of 49.8.
That's down from the downwardly revised 53.8 reading in March (originally 54.4) and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, sales (45.1), employment (49.9) and new orders (49.1) contracted, while supplier deliveries (51.1) and stocks (57.2) expanded.
"While April's result denotes only a tiny fraction of contraction, the PSI has certainly slowed a lot, in the space of a month, to the point of a pause," BNZ Senior Economist Craig Ebert said.
read more
New Zealand August Trade Deficit NZ$1.349 Billion
New Zealand posted a merchandise trade deficit of NZ$1.349 billion in August, Statistics New Zealand said on Friday.
RTTNews
|
5h 2min ago
New Zealand GDP Rises 0.2% In Q2
New Zealand's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the second quarter of 2026, Statistics New Zealand said on Thursday.
RTTNews
|
1 day ago
New Zealand Has Seasonally Adjusted Current Account Deficit Of NZ$3.8 Billion
New Zealand's seasonally adjusted current account balance was a NZ$3.8 billion deficit in the June 2026 quarter, Statistics New Zealand said on Wednesday - NZ$666 million narrower than the March 2026 quarter deficit.
RTTNews
|
2 days ago
New Zealand Manufacturing Index Eases To 5.1 - BusinessNZ
The manufacturing sector in New Zealand continued to expand, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.1.
RTTNews
|
7 days ago
New Zealand Q2 Terms Of Trade Tumbles 9.0%
New Zealand's terms of trade dropped a seasonally adjusted 9.0 percent on quarter in the second quarter of 2026, Statistics New Zealand said on Thursday.
RTTNews
|
15 days ago
New Zealand Hikes Interest Rate For Second Straight Time
The Reserve Bank of New Zealand delivered back-to-back rate hikes to contain inflation and also signaled further tightening. The Monetary Policy Committee, governed by Anna Breman, decided to raise the Official Cash Rate by 25 basis points to 2.75 percent.
RTTNews
|
15 days ago
New Zealand Building Permits Sink 4.3% In July
The total number of building permits issued in New Zealand was down a seasonally adjusted 4.3 percent on month in July, Statistics New Zealand said on Wednesday - coming in at 3,579.
RTTNews
|
16 days ago
New Zealand Retail Sales Sink 0.5% In Q2
The volume of retail sales in New Zealand was down a seasonally adjusted 0.5 percent on quarter in the second quarter of 2026, Statistics New Zealand reported on Monday - coming in at NZ$26 billion.
RTTNews
|
25 days ago
