FX.co ★ New Zealand's Services Sector Shows Signs of Recovery in June

In an encouraging development for New Zealand's economy, the Performance of Services Index (PSI) rose to 47.3 in June 2025, marking a 3.2 point increase from May's indicator of 44.1. This data, updated as of 13 July 2025, suggests that the services sector is beginning to recover, although it remains below the threshold of 50, which separates expansion from contraction.

The rise in the PSI indicates a slowing contraction within the services sector, offering a glimmer of hope after consecutive months of decline. Service-based industries, pivotal to New Zealand's economic health, might be on the cusp of a more robust recovery if the upward trend persists.

Economists will be closely monitoring this indicator in the coming months, looking for continued momentum that could signal a more sustained revival of the sector. The improvement could potentially lead to increased consumer confidence and spending, fostering further economic growth across the nation.