Service sector activity expanding but job losses continue

Service sector activity expanding but job losses continue
Rebecca Howard
Activity in New Zealand’s services sector expanded slightly in September, according to the BNZ - BusinessNZ Performance of Services Index.The PSI for September was 50.3, which was up 3.1 points from August.“September’s 50.3 reading is still a subdued result, even if it is back on the right side of 50 following August’s dip to 47.2 when tighter (covid-19) restrictions applied," said BNZ senior economist Doug Steel.“It would seem reasonable to assume that October will bring some further improvement as Auckland j...