NZ service sector expands at slower pace in September

Sun, 16 Oct 2016

By Tina Morrison Oct. 17 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, expanded at a slower pace in September, with all five sub-indexes posting a weaker result. The BNZ-BusinessNZ performance of services index declined to a seasonally adjusted 54.1 in September from an eight-month high of 57.9 in August. Still, all of the five sub-indexes remained above the 50 level that separates contraction from expansion. "The Performance of Services Index (PSI) suggests service sector growth is...

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