New Zealand data: April Services PMI drops deeper into contraction at 48.5 (prior 49.1) New Zealand services PMI, the BusinessNZ Performance of Services Index, for April 2025, 48.5 * down from March's 49.1 * well below the average of 53.0 over the history of the survey BusinessNZ’s CEO, Katherine Rich said the sector has fallen back into a pattern of mild contraction BNZ’s Senior Economist Doug Steel: * “for all the commentary around the economic recovery, the PSI is a good reminder that current conditions are extremely challenging. New Zealand’s PSI remains weaker than all our key trading partners. At 48.5, it’s consistent with a service sector still moving backwards”. Earlier: * New Zealand April Manufacturing PMI shows an uptick in expansion to 53.9 vs. prior 53.2 This article was written by Eamonn Sheridan at www.forexlive.com.

| etsy.me/3RHihSQ | ctrendfx.com #NewZealand #ServicesPMI #EconomicUpdate #BusinessNZ #ContractingEconomy