New Zealand’s services sector lost a touch of momentum in September 2026, with the Performance of Services Index (PSI) edging down to 50.9 from 51.0 in August. The latest figure, updated on 18 October 2026, suggests the sector remains in marginal expansion territory but highlights a modest cooling in activity.
The slight dip signals that while services output is still growing, the pace has become more subdued compared with the previous month. With the PSI hovering just above the 50-point threshold separating expansion from contraction, September’s reading underscores a period of fragile growth for New Zealand’s services economy as it moves through the latter part of 2026.