New Zealand Services NZ PSI (Feb) 48.0 (Prev. 50.9, Rev. From 50.7)
The New Zealand Services PMI for February came in at 48.0, down from a previous 50.9 and revised from 50.7, indicating a contraction in the services sector.
Saudi Arabia says it intercepted a drone over its eastern region
Newsquawk Daily Asia-Pac Opening News - 16th March 2026
New Zealand Services NZ PSI (Feb) 48.0 (Prev. 50.9, Rev. From 50.7)
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This significant drop suggests weakening economic activity, which could impact the Reserve Bank of New Zealand's future monetary policy decisions, potentially leading to a dovish shift in rates. Traders might see this as a bearish signal for the NZD, especially in the context of broader market sentiment.
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