The services sector in New Zealand expanded in April, and at a faster rate, the latest survey from Business NZ showed on Monday with a Performance of Services Index score of 57.7.
That's up from the upwardly revised 55.1 in March (originally 54.8), and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
"April's swift PSI and very solid PMI (performance of manufacturing index), overall, combine to suggest the economy is growing at a better than average pace as it steps into the June quarter," BNZ senior economist Craig Ebert said in a statement.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.