Last month was the worst ever surveyed in the service sector, with a seasonally adjusted PSI for January at 42.7.
PSI
Service sector continues weak run through to Xmas – PSI
The service sector continued to remain weak through to the end of 2008, with a seasonally adjusted PSI for December at 48.0.
Service sector in tough times leading into Xmas – PSI
There is little Xmas cheer for the service sector as 2008 draws to a close, with a seasonally adjusted PSI for November at 47.3.
Service sector continues to struggle in tough economic conditions – PSI
The service sector continues to struggle in tough economic conditions, with a seasonally adjusted PSI for October at 48.7.
Weakness continues in the service sector – PSI
The service sector remains weak, dropping to its second lowest result since the survey began, with a seasonally adjusted PSI for September at 46.9.
Service sector activity contracts for the fifth consecutive month – PSI
Service sector activity is still contracting amidst tough operating conditions, with a seasonally adjusted PSI for August at 47.9.
Service sector activity improves in July – PSI
Service sector activity has improved slightly from its worst result in June, with a seasonally adjusted PSI for July at 48.9.
Service sector activity falls sharply – PSI
Activity in the service sector has reached its lowest level since the BNZ – BusinessNZ Performance of Services Index (PSI) began. The PSI for June stood at 45.6.
Weakening of service sector activity continues in May – PSI
Activity in the service sector continues to be in a weak state, although a slight improvement on the previous month, with a seasonally adjusted PSI for May at 49.1.
Growth in service sector activity stalls in April – PSI
Activity in the service sector has stalled for the first time in a year, with a seasonally adjusted PSI for April at 48.9.
Service sector activity lackluster in March – PSI
Activity in the service sector fell back to its lowest level recorded since the survey began, with a seasonally adjusted PSI for March at 50.8.
Service sector expansion picks up in February – PSI
The level of expansion picked up for the second month of 2008 after two consecutive months of easing, with a seasonally adjusted PSI for February at 55.6.