New Zealand Services NZ PSI (Dec) 51.5 vs. Exp. 48 (Prev. 46.9)
Newsquawk Staff ·
New Zealand Services NZ PSI (Dec) 51.5 vs. Exp. 48 (Prev. 46.9)
What it means
The New Zealand Services PSI for December came in at 51.5, significantly above expectations of 48 and marking an increase from the previous month's 46.9. This stronger-than-anticipated figure suggests an expanding services sector, which could bolster confidence in economic growth and potentially impact the Reserve Bank of New Zealand's policy outlook.
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