New Zealand knowledge – March providers PMI 49.1 (prior 49.zero)

BNZ – BusinessNZ Efficiency of Companies Index (PSI).

For March was 49.1, indicating a decline in service sector exercise

• February was 49.zero
• future common is 53.zero

BNZ’s Senior Economist Doug Metal:

• “combining collectively the PSI and the Efficiency of Manufacturing Index (PMI), the Composite Index (PCI) suggests a modest financial restoration. The extent of development implied by our indicator has been dampened by the softer PSI readings”.

NZD little modified

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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