NZ service sector activity rises to 13-month high in August

Sun, 13 Sep 2015

By Suze Metherell Sept. 14 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, expanded in August, after two months of little movement, rising to the highest level in 13 months. The BNZ-BusinessNZ performance of service index rose 1.6 points to 58.2, the highest reading since July last year. The index, where a reading below 50 indicates the sector is in contraction, has been in expansion since October 2009. The PSI follows an improvement in its sister measure, the performanc...

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