Service sector activity picks up in July

Sun, 18 Aug 2019

By Rebecca Howard Aug. 19 (BusinessDesk) - Activity in the services sector improved in July to the highest level since January and inched above the long-term average. The BNZ-BusinessNZ performance of services index rose 1.7 points from June to a seasonally adjusted 54.7 and was 1.5 points higher than in July 2018. The long-term average is 54.4. A reading above 50 indicates expansion. "One should be cautious in reading too much into one month’s data, but the positive result is good to see and especially in the context of weakness appe...

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