New Zealand’s Providers PMI for Could stays in deep contraction at 44.0 vs. prior 48.1

BNZ – BusinessNZ Efficiency of Providers Index (PSI)

For Could 2025, 44.0, lowest stage of exercise since June 2024

• prior 48.1
• long-run common 53.0

BNZ’s Senior Economist Doug Metal (bolding is mine):

• “the autumn within the PSI follows the sharp decline within the Efficiency of Manufacturing Index (PMI) from 53.3 to 47.5. Collectively, they’re in line with the economic system returning to recession. We’re a good distance from forecasting this, however the knowledge are a reminder of simply how susceptible the economic system at the moment is”

This text was written by Eamonn Sheridan at www.forexlive.com.



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