News

The level of expansion continued to ease for the first month of 2008, with a seasonally adjusted PSI for January at 51.9.

The level of expansion eased for the last month of 2007, with a seasonally adjusted PSI for December at 53.9.

Expansion in the service sector is at its highest level in the lead-up to Christmas, with a seasonally adjusted PSI for November at 62.6.

Expansion levels in the service sector eased slightly during October, with a seasonally adjusted PSI for October at 58.4.

The level of expansion in the service sector for September remained near its peak, with a seasonally adjusted PSI for September at 59.0.

The level of expansion in the service sector last month was the highest recorded since the BusinessNZ Performance of Services Index (PSI) survey began five months ago in April. The August PSI stood at 59.4

Service sector activity is continuing to expand, although not at levels recently recorded, with a seasonally adjusted PSI for July at 55.2.

Service sector activity is still expanding at a solid level, with a seasonally adjusted PSI for June at 57.8.

Service sector activity is still on the increase, according to BusinessNZ’s new monthly survey, with a seasonally adjusted PSI for May at 58.5.

The first results from a new monthly survey series shows expansionary activity in the service sector, with a seasonally adjusted PSI for April at 58.3.