BNZ lifts New Zealand 2016 growth forecast after robust data

Mon, 25 Jan 2016

By Sophie Boot Jan. 26 (BusinessDesk) - Bank of New Zealand raised its estimate for New Zealand economic growth this year after robust services and manufacturing data. The BNZ-BusinessNZ performance of services index remained robust in December even as it slowed from a month earlier, slipping 0.9 points to a seasonally adjusted 58.9 last month, according to data released today. That's the third-highest result in 2015, and more than the average 57.8 through the year. All five sub-indices fell in December, but remained above the 50 reading...

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