17.08.202522:30:00UTC+00New Zealand's Service Sector Shows Signs of Recovery as PSI Improves

In a sign of gradual improvement, New Zealand's Performance of Services Index (PSI) inched upwards to 48.9, as per the latest update on August 17, 2025. This development follows a previous reading of 47.6 in June 2025, suggesting an easing but continued contraction in the country's service sector.

The PMI's latest figures, while still below the crucial 50-point mark that separates expansion from contraction, indicate a cautiously optimistic outlook for New Zealand's economy. The rise in the index suggests that efforts to stabilize the sector might be gaining traction, though challenges persist.

Observers of New Zealand's economic landscape will be watching for future PSI figures to determine if this trend signifies a more sustained recovery. The continued increase in the PSI would be necessary for the nation to see an expansionary phase, critical for the overall revitalization of the service sector. As businesses and policymakers digest these numbers, focus will also likely remain on measures to bolster further growth in the coming months.