FX.co ★ New Zealand Services Sector Returns to Expansion in June as PSI Rises Above 50

New Zealand’s services sector moved back into expansion territory in June, with the Performance of Services Index (PSI) rising to 50.6 from 48.0 previously. The June 2026 reading, released on 12 July 2026, marks a shift from contraction to modest growth for the country’s services industry.

The move above the 50-point threshold, which separates expansion from contraction, suggests a tentative improvement in underlying activity across key service categories. While the pace of growth remains mild, the rebound from the prior month’s sub-50 reading may ease some concerns about momentum in New Zealand’s broader, services-driven economy.

Investors and policymakers are likely to watch upcoming PSI releases closely to assess whether June’s improvement signals the beginning of a more durable uptrend or a short-lived bounce within a still-fragile environment for services demand.