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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Services NZ PSI fell to 47.5 in May 2026
FMPMonthlyReleased June 2026
New Zealand Services NZ PSI fell to 47.5 in May 2026, released June 2026, down 1.2 from April's 48.7 reading. The reading matched the 48 consensus. Year-over-year, the indicator is up 3.5. Over the past 3 months, Services NZ PSI averaged 47.45, vs 50.13 in the prior 3-month window. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
47.5
Actual
48
Consensus
48.7
Previous
Median Absolute Error
±2.53
across last 12 releases
Last Call
Jun 2026
Predicted: 49.95
Actual: 47.5
Error: +2.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.48 | COMMODITIES | Bullish XAU | → View |
| AUD/USD | ▲ Direct | +0.46 | FOREX | Bullish AUD | → View |
| NZD/USD | ▲ Direct | +0.42 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.31 | FOREX | Bearish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services NZ PSI (New Zealand) was reported at 47.50 in June 2026. This missed the market consensus of 48.00 by 0.50. The reading fell from the previous value of 48.70. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 48.58, ranging from 46.90 to 51.50 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 48.13, down from the prior three at 49.77. Volatility over the past year (σ 1.39) is lower than the prior year (σ 2.87). In June readings over the past 3 years, Services NZ PSI has averaged 46.95.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 2.53.
WHAT TO WATCH NEXT
The next release is scheduled for July 12, 2026. Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Services NZ PSI - NZ
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About Services NZ PSI — New Zealand
DEFINITION
The Services NZ PSI (Performance of Services Index) is a key economic indicator that measures the performance of the services sector in New Zealand. It provides valuable insights into the health and growth of the country's service industries, including areas such as retail, tourism, and business services. The index is based on a monthly survey of businesses, and a reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. The Services NZ PSI is closely monitored by economists, policymakers, and investors as it reflects the overall state of the New Zealand economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 47.5, consensus 48. Prior reading (Apr 2026): 48.9. Before that (Mar 2026): 46.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.48) — a useful reference for commodities-focused traders.