NZ service sector activity lifts in September but still below long-term average

Sun, 14 Oct 2018

By Rebecca Howard Oct. 15 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, increased slightly in September but remains below its long-term average. The BNZ-Business New Zealand performance of services index lifted to 53.9 in September from 53.3 in August, still below the long-run average of 54.5. A reading of 50 separates expanding activity from contraction. While the slight pick-up in expansion was welcome, the sub-index results still show some areas for concern, said Bus...

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