NZ service activity picks up in October as tourism boom continues

Mon, 14 Nov 2016

By Paul McBeth Nov. 15 (BusinessDesk) - Activity in New Zealand's service sector, which accounts for about two-thirds of the economy, expanded last month as the country's tourism boom continues, adding to increased consumer spending from a swelling population. The BusinessNZ-BNZ performance of services index rose 2.1 points to 56.3 in October, still above the long-term average of 54.1. All five sub-indices rose and remained above the level of 50 that separates expanding activity from contraction. "Current spending indicators are uneq...

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