New Zealand October services PMI higher at 48.7 but still in contraction (prior was 48.3)

Forex Short News

BusinessNZ New Zealand Performance of Services Index for October 2025 improves to 48.7

  • from September’s 48.3
  • this is the 20th month in a row in contraction

PSI’s sub-components all below the breakeven 50 mark

  • all below
    their long-term averages
  • new orders index 49.5, but is farthest below its long-term
    average
  • activity/sales index rose to 48.9, its
    best outcome since January 2025 and its second-best
    month since February 2024
  • employment index
    rose to 48.8, best since March

This article was written by Eamonn Sheridan at investinglive.com.