New Zealand Composite PMI Dips from Over 3-Year Peak

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The seasonally adjusted BusinessNZ Performance of Composite Index fell to 52.5 in January 2026 from a more than three-year high of 53.9 in the previous month. Manufacturing output remained strong amid a slight slowdown in the service sector. Output, new orders, and employment all stayed solid despite softening. Also, inventories rose at a milder pace and delivery times shortened slightly.

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