No let-up on economic ‘angst’ post-election

Mon, 13 Nov 2023

Trading conditions for the services sector slipped back into negative territory in October despite a mid-month election result that promised to deliver the centre-right government generally preferred by business owners.The Business New Zealand-Bank of NZ Performance of Services Index (PSI) slipped from a barely positive 50.6 reading in September to 48.9 in October.The largest part of the index to fall month-on-month was activity/sales, which dropped to 47.4 in October from 50.9 in September.The PSI follows a particularly weak reading of 42.5 fo...

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