NZ service sector expands in June, rounding out buoyant second quarter

Sun, 13 Jul 2014

By Suze Metherell July 14 (BusinessDesk) - New Zealand service sector activity, which accounts for about two thirds of the economy, rose in June to round out a second quarter almost as buoyant as the first three months of the year. Today's reading comes after the PSI's manufacturing counterpart, the BNZ-BusinessNZ performance of manufacturing index rose from an 18-month low in May. Both indexes have been in expansion over the past year, but the levels have eased in recent months while remaining above long-term averages. The compos...

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