NZ service sector activity dips in November but still expanding

Sun, 16 Dec 2018

By Rebecca Howard Dec. 17 (BusinessDesk) - Activity in New Zealand's services sector grew at a slower pace in November as sales eased and supplier deliveries declined. The BNZ-Business NZ performance of services index fell 1.9 points to 53.5 in November, below the long-run average of 54.5. The PSI was slightly more negative than its sister survey - the performance of manufacturing index - which dipped 0.2 points to a seasonally adjusted 53.5 in November, holding near the 53.7 long-run average. Any reading above 50 indicates growth....

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