In the groove - PSI Oct

18 November 2015

PSI Image

PSI Oct summary

Despite a softer result in October, activity in New Zealand’s services sector continued to show expansion, according to the BNZ - BusinessNZ Performance of Services Index (PSI).

The PSI for October was 56.2.  This was 2.8 points lower than September, and similar to levels of activity experienced in July (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining).

BusinessNZ chief executive Phil O’Reilly said that given the previous month was at near record highs, some reduction in the level of expansion was not a surprise.

“The key indicators of activity/sales (57.6) and new orders/business (57.1) remain in healthy territory, and bodes well for a strong year for the sector".

"The proportion of positive comments in October (61.8%) was slightly lower than September (65.8%), but still up on August (59.2%).  For those who stipulated positive influences, there were no clear patterns emerging, although many felt that conditions were ticking along as usual".

BNZ Senior Economist Craig Ebert said that in relation to the sectors combined "the PSI and PMI still give the impression of an economy growing at a comparatively solid pace at the outset of Q4, following a champing performance through Q3."

 

Main Indicies

Main Indicies PSI Oct

Regional Results

Regional results Oct PSI

 

National Indicies Oct 2014  
Jun 2015  
 July 2015
Aug 2015  
Sep 2015  
Oct 2015   
BNZ - BusinessNZ PSI 57.3 58.2 56.6 58.2 59.0 56.2
Activity/Sales 62.2 60.1 60.3 61.4 62.7 57.6
Employment 52.6 54.5 53.5 53.7 53.6 52.7
New Oders/Business 61.2 62.7 60.4 63.7 62.8 57.1
Stocks/Inventories 50.8 53.7 51.5 52.8 47.0 56.1
Supplier Deliveries 52.5 55.7 54.4 55.3 55.2 56.0


Time Series Oct PSI

International Oct PSI

Back to News

© Canterbury Employers’ Chamber of Commerce
Website maintained by Publica