Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Services NZ PSI fell to 50.9 in September 2026
FMPMonthlyReleased October 2026
New Zealand Services NZ PSI fell to 50.9 in September 2026, released October 2026, down 0.1 from August's 51 reading. The reading matched the 50 consensus. Year-over-year, the indicator is up 2.6. Over the past 3 months, Services NZ PSI averaged 50.9, vs 49 in the prior 3-month window. The reading is in the 88th percentile of the trailing 24-month range.
Latest Release
50.9
Actual
50
Consensus
51
Previous
Median Absolute Error
±1.61
across last 12 releases
Last Call
Oct 2026
Predicted: 49.98
Actual: 50.9
Error: -0.92
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.79 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.75 | INDEX | Moves against | → View |
| NZD/JPY | ▲ Direct | +0.65 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.65 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.64 | FOREX | Moves with | → 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 50.90 in October 2026. This beat the market consensus of 50.00 by 0.90. The reading fell from the previous value of 51.00. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 49.61, ranging from 46.90 to 51.50 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 50.90, up from the prior three at 49.00. Volatility over the past year (σ 1.57) is comparable than the prior year (σ 1.64). In October readings over the past 3 years, Services NZ PSI has averaged 48.30.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.61.
WHAT TO WATCH NEXT
The next release is scheduled for November 15, 2026. Same-country events in the next 14 days include Employment Change QoQ (Nov 3) and Unemployment Rate (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Services NZ PSI - NZ
Loading chart data...
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 (Sep 2026): actual 50.9, consensus 50. Prior reading (Aug 2026): 51.2. Before that (Jul 2026): 50.9.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.79) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NZ Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | NZ | ANZ Business Confidence | 52.5 | 51.9 | 51.5 | 52.00 | Medium |
| 21:00 | NZ | ANZ Roy Morgan Consumer Confidence | 96.2 | 97.6 | 97.4 | 96.80 | Low |