BNZ – BusinessNZ Performance of Services Index (PSI) for April 2022 is available in little modified at 51.4 in April (from 51.6 in March).
- the long-term common is 53.6
Despite an analogous general consequence to the earlier month, the proportion of detrimental feedback elevated from 57.5% in March to 61.9% in April.
BNZ Senior Economist Doug Steel
- “for large parts of the service sector that have been through the ringer over recent times, we suspect any result above breakeven would be welcomed. But, on the other hand, April’s result also looks somewhat disappointing in the context of easing COVID restrictions (from Red to Orange) halfway through the month.”
- Supply chain points stay a significant headache for service sector corporations – epitomised by the PSI provider deliveries index nonetheless languishing round 40, greater than 10 full index factors under its historic common.
NZD little modified after the information launch.
New Zealand Services PMI (April) 51.4 (prior was 51.6) & More Latest News Update
New Zealand Services PMI (April) 51.4 (prior was 51.6) & More Live News
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