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New Zealand Services PMI for July plunges into contraction to 47.8 (prior 50.1)

Business New Zealand's Performance of Services Index for July 2023 comes in at 47.8June's reading was revised from 49.6 to 50.1July's 47.8 is the lowest level of activity for the sector since January 2022the long-term average is 53.5 BusinessNZ comment:“The further fall into contraction during July also saw another lift in the proportion of negative comments, which rose to 67%, compared with 55.6% in June and 49.4% in May. Overall, negative comments received were strongly dominated by a general... Read More

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Zealand

Services

July

Plunges

Into

Contraction

47 Prior

prior

Forex

Posted: Aug 13 2023, 22:39

Author Name: forexlive

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