BNZ – BusinessNZ Performance of Services Index (PSI) for August 2024 is 45.4
- prior 45.2
- remains in contraction, now for 6 months in a row - longest period since the global financial crisis
- average over the history of the survey is 53.2
BNZ’s Senior Economist Doug Steel:
- smoothing through monthly volatility, the PSI’s 3-month average remains deep in contractionary territory at 43.9
