新西兰5月服务业采购经理人指数仍处于深度收缩状态，为44.0，而此前为48.1。BNZ–新西兰商业服务绩效指数（PSI）2025年5月为44.0，为2024年6月以来的最低水平，高于48.1的长期平均值53.0 BNZ高级经济学家Doug Steel（粗体为我的）：“PSI的下降是在制造业绩效指数（PMI）从53.3急剧下降到47.5之后发生的。总之，它们与经济重返衰退是一致的。

New Zealand's Services PMI for May remains in deep contraction at 44.0 vs. prior 48.1.BNZ – BusinessNZ Performance of Services Index (PSI) For May 2025, 44.0, lowest level of activity since June 2024 prior 48.1 long-run average 53.0 BNZ's Senior Economist Doug Steel (bolding is mine): “the fall in the PSI follows the sharp decline in the Performance of Manufacturing Index (PMI) from 53.3 to 47.5. Together, they are consistent with the economy returning to recession.

周五，新西兰基准标准普尔/新西兰证交所50指数下跌0.8%，收于12553点，结束了连续三天的上涨势头，中东紧张局势加剧打压了投资者情绪。以色列对伊朗的核设施进行了空袭，引发了人们对更广泛的地区冲突的担忧，并抑制了全球市场的风险偏好。与此同时，投资者密切关注美中之间的贸易讨论，此前两国同意了一个框架，使协议的前景保持在正轨上，但细节尚未确定。在国内新闻方面，新西兰的制造业活动在连续四个月增长后，于5月重新陷入收缩，受到需求疲软、成本上升和全球经济不确定性导致的商业信心下降的拖累。损失范围广泛，Mainfreight（-2.6%）、Mercury NZ（-1.1%）、a2 Milk（-11.1%）、Spark NZ（-150%）和Fletcher Building（-2.4%）的跌幅明显。本周，NZX 50小幅下跌0.1%。

New Zealand's benchmark S&P/NZX 50 index fell 0.8% to close at 12,553 on Friday, snapping a three-day winning streak as escalating tensions in the Middle East weighed on investor sentiment. Israel conducted airstrikes targeting Iran’s nuclear sites, raising fears of a broader regional conflict and dampening risk appetite across global markets. Meanwhile, investors monitored trade discussions between the US and China, after both countries agreed to a framework that kept the prospects of a deal on track, but details were yet to be determined. In domestic news, New Zealand’s manufacturing activity slipped back into contraction in May after four straight months of growth, weighed down by weak demand, rising costs, and waning business confidence amid global economic uncertainties. Losses were broad-based, with notable declines seen from Mainfreight (-2.6%), Mercury NZ (-1.1%), a2 Milk (-1.1%), Spark NZ (-1.5%), and Fletcher Building (-2.4%). For the week, the NZX 50 edged down 0.1%.

周五，新西兰元跌至0.602美元左右，扭转了前一交易日的涨幅，因为中东紧张局势加剧扰乱了全球市场，导致了广泛的风险规避方法。以色列对伊朗的核计划和军事目标发动空袭，标志着两国对峙的重大升级，并引发了人们对该地区更广泛冲突的担忧。令人失望的国内经济数据进一步拖累了人民币。新西兰的制造业活动在连续四个月增长后，于5月再次陷入收缩，受到需求疲软、成本上升和全球经济不确定性导致的商业信心下降的拖累。尽管周五有所下跌，但新西兰元仍有望连续第二周上涨。

The New Zealand dollar dropped to around $0.602 on Friday, reversing gains from the previous session, as rising tensions in the Middle East rattled global markets, leading to a widespread risk-off approach. Israel launched airstrikes against Iran’s nuclear program and military targets, marking a major escalation in the standoff between the two countries and raised fears of a broader conflict in the region. Further weighing on the currency was disappointing domestic economic data. New Zealand’s manufacturing activity slipped back into contraction in May after four straight months of growth, weighed down by weak demand, rising costs, and waning business confidence amid global economic uncertainties. Despite Friday’s decline, the Kiwi remains on track for its second straight weekly gain.

新西兰BNZ制造业跌至47.5，再次陷入收缩。新西兰制造业在5月份大幅回落，商业新西兰制造业表现指数从53.3暴跌至47.5。这一读数不仅标志着与4月份扩张的决定性逆转，而且远低于52.5的历史平均水平。

NZ BNZ manufacturing fall to 47.5, slumps back into contraction.New Zealand's manufacturing sector slipped sharply back into contraction in May, with the BusinessNZ Performance of Manufacturing Index plunging from 53.3 to 47.5. The reading not only marks a decisive reversal from April's expansion but also sits well below the historical average of 52.5.