New Zealand services PMI for June 2024: 40.2 (prior 43.0)
globalreutersJuly 14, 20241 Mins read New Zealand Performance of Services Index for June 2024, via BusiznessNZ, performed even worse than the appalling May report.
June came in at 40.2, second month in a row the lowest level of activity for the sector for a non-COVID lockdown month since the survey began in 2007
- prior 43.0
- Employment sub index @45.6 was at its lowest point since February 2022
BNZ’s Senior Economist Doug Steel said that “the Performance of Services Index has been well below average for more than a year. Moreover, the weakness appears to be accelerating”.
NZD/USD has weakened to below 0.6100
This article was written by Eamonn Sheridan at www.forexlive.com.
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