New Zealand Performance of Services index for March, comes in at 58.8

  • prior was 55.3 (revised from 55.0)

At 58.8 its at its highest (fastest rate of expansion) for 14 months

  • Sales activity near a record high
  • New orders up

The sub index for employment disappointed, in at 50.5, so its in expansion), but not as strong as other sub indexes in the index

  • BNZ say this may be due to a difficulty in attracting labour (not just weak demand for labour)

BNZ also caution:

  • "... It's definitely possible the March PSI result overstates the underlying trend".

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The data point is not an immediate forex mover for the NZD .... and just noticed I posted the original title to the post began: "NA data - ".

Well, yeah :-D

(since corrected)

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still to come from NZ, real soon ... 2245 GMT - New Zealand - Food prices for March

  • prior -0.5%