Hot real estate market underpinning service industries activity

Sun, 14 Apr 2013

April 15 (BusinessDesk) - The service sector, accounting for around 70 percent of New Zealand activity, is reporting steady expansion, underpinned by rising activity particularly in the banking, financial and legal services industries. The latest BNZ-Business New Zealand Performance of Services Index (PSI) clocked in at 54.4 in March, one pip down from February. A reading above 50.0 indicates that the service sector is generally expanding, below 50.0 that it is declining. That made it the strongest month of March in four years. BNZ senior...

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