United StatesUS Services NZ PSI climbed to 50.4 in January 2025
US Services NZ PSI climbed to 50.4 in January 2025, released February 2025, up 2.3 from December's 48.1 reading. The reading matched the 49 consensus.
Latest Release
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services NZ PSI (United States) was reported at 50.40 in January 2025. This beat the market consensus of 49.00 by 1.40. The reading rose from the previous value of 48.10.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Fed Schmid Speech (Nov 10) and Fed Bowman Speech (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
Services NZ PSI - US
About Services NZ PSI — United States
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Monday, November 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 15:00 | US | Wholesale Inventories MoM | 0.7 | 0.6 | 0.6 | 0.65 | Low |
| 15:00 | US | Wholesale Sales MoM | 2.8 | 2 | 1.1 | 1.95 | Low |
| 16:00 | US | Consumer Inflation Expectation | 3.9 | 3.9 | 3.8 | 3.85 | Low |
| 16:00 | US | Atlanta Fed GDPNow | 3.5 | 3.4 | 3.4 | 3.45 | Medium |
| 16:30 | US | 3-Month Bill Auction | 4.06 | 4.04 | 4.009 | 4.03 | Low |
| Tuesday, November 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | US | NFIB Business Optimism Index | 97.8 | 97.9 | 97.7 | 98.30 | Low |
| 13:30 | US | CPI s.a | 337.48 | 336.3 | 337 | 337.17 | High |
| 13:30 | US | Inflation Rate MoM | 0.4 | 0.6 | 0.3 | 0.33 | High |
| 13:30 | US | Core Inflation Rate MoM | 0.3 | 0.3 | 0.2 | 0.23 | High |
| 13:30 | US | CPI | 337.51 | 336.94 | 337.02 | 337.13 | High |
| 13:55 | US | Redbook YoY | 10.1 | 10.4 | 9.3 | 9.70 | Low |
| 21:30 | US | API Crude Oil Stock Change | -5.267 | -1 | 3.79 | Medium | |
| Wednesday, November 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 19:00 | US | Budget Balance | -27 | -298 | -339.85 | Medium | |