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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Services NZ PSI climbed to 50.6 in June 2026
FMPMonthlyReleased July 2026
New Zealand Services NZ PSI climbed to 50.6 in June 2026, released July 2026, up 2.6 from May's 48 reading. The reading matched the 48.3 consensus. Year-over-year, the indicator is up 3.3. Over the past 3 months, Services NZ PSI averaged 48.2, vs 49.1 in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
50.6
Actual
48.3
Consensus
48
Previous
Median Absolute Error
±2.14
across last 12 releases
Last Call
Jul 2026
Predicted: 49.15
Actual: 50.6
Error: -1.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.81 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.52 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.48 | FOREX | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.42 | 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 50.60 in July 2026. This beat the market consensus of 48.30 by 2.30. The reading rose from the previous value of 48.00. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 48.88, ranging from 46.90 to 51.50 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 49.00, down from the prior three at 50.13. Volatility over the past year (σ 1.44) is lower than the prior year (σ 2.01). In July readings over the past 3 years, Services NZ PSI has averaged 46.03.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.14.
WHAT TO WATCH NEXT
The next release is scheduled for August 16, 2026. Same-country events in the next 14 days include Employment Change QoQ (Aug 4) and Unemployment Rate (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 50.6, consensus 48.3. Prior reading (May 2026): 47.5. Before that (Apr 2026): 48.9.
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 S&P 500 (Bearish S&P 500, r=-0.81) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | NZ | ANZ Business Confidence | 56.1 | 36.6 | 36 | 46.05 | Medium |
| 22:00 | NZ | ANZ Roy Morgan Consumer Confidence | 99.3 | 91.3 | 90.5 | 94.90 | Low |