The service sector improved its level of expansion for April, although the devil is in the detail, with a seasonally adjusted PSI for April at 52.6....
The recent Christchurch earthquake has led to a clear divide in the level of activity between the two main islands, with a seasonally adjusted PSI for March at 50.8....
Manufacturing activity has been shaken over the last couple of months, but is still keeping its head above water, with a seasonally adjusted PMI for March at 50.1....
Overall activity in the service sector for the first month of 2011 displayed a fairly lacklustre beginning, while the newly established Combined Index shows a similar pattern to the end of 2010. The seasonally adjusted PSI for January was 50.8....
Manufacturing activity in January 2011 shows a positive start to the year with the fourth consecutive month in expansion, with a seasonally adjusted PMI for January at 53.7....
Overall activity in the service sector for the last month of 2010 ended up being a repeat of 2009, with a seasonally adjusted PSI for December at 52.5....
