NZ service sector expansion slows in February

Sun, 17 Mar 2019

By Rebecca Howard March 18 (BusinessDesk) - Activity in New Zealand's services sector eased in February to below the long-term average, weighed down by a fall in activity and sales. The BNZ-BusinessNZ performance of services index fell 2.4 points to a seasonally adjusted 53.8 compared to January and was slightly below the long-term average of 54.5. A reading above 50 indicates expansion. The activity/sales sub-index was at 53.4 versus 61.5 in January and 54.3 a year ago. The new orders/business measure was at 59.9 from 61.3 a month e...

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