16.08.202622:30:00UTC+00New Zealand Services Activity Softens in July as PSI Edges Down to 50.6

New Zealand’s services sector lost a little momentum in July, with the Performance of Services Index (PSI) easing to 50.6 from 50.9 in June 2026. The latest reading, updated on 16 August 2026, indicates that while the sector remains in expansionary territory, growth has marginally weakened.

The PSI, where readings above 50 signal expansion and below 50 indicate contraction, suggests that services activity is still growing but at a slightly slower pace than in the previous month. The modest three‑tenths drop between June and July points to a cautious operating environment, with businesses likely monitoring demand conditions and broader economic signals closely.

Despite the dip, the index’s position above the 50 threshold for both June and July 2026 underscores that New Zealand’s services economy has not shifted into contraction, but rather is experiencing a mild cooling in its growth trajectory.