Weak services sector growth raises concerns about NZ economic slowdown

Sun, 19 May 2019

By Rebecca Howard May 20 (BusinessDesk) - New Zealand’s services sector activity slipped further in April, touching the lowest level in more than six years and adding to concerns about an economic slowdown. The BNZ-BusinessNZ performance of services index fell 0.5 of a point from March to a seasonally adjusted 51.8. That was 3.9 points lower than a year earlier and the lowest reading since September 2012. The index remains below the long-term average of 54.4. A reading above 50 indicates expansion. Services account for about two-third...

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