New data Services NZ PSI (Sep)
10/13/2024
actual 45.7, previous 45.5
The event is the Services NZ PSI (Performance of Services Index) for the month of September in New Zealand. The actual value reported is 45.7, which is a slight increase of 0.2 from the previous value of 45.5. The estimated value was 47.6.The Services NZ PSI is an indicator of the performance of the service sector in New Zealand. A value below 50 indicates a contraction in the sector, while a value above 50 indicates expansion.
With an actual value of 45.7, lower than the estimated value, it suggests a contraction in the service sector for the month of September. However, the slight increase from the previous value may indicate some improvement in the sector.
Overall, this event is considered to have a low impact on the market, as it provides insights into the performance of the service sector in New Zealand but may not significantly affect market trends.
This is not investment advice. Remember to verify the information provided here.
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