NZ services activity expands for first time in four months in March

Sun, 15 Apr 2018

By Jonathan Underhill April 16 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, expanded for the first time in four months, in March, led by strong sales growth after a storm-dented start to the year. The BNZ-BusinessNZ performance of services index rose to a seasonally adjusted 58.8 last month from 55.3 in February. The activity/sales sub-index jumped to 64.1, near the highest since the PSI survey started 11 years ago, from 54.3 in February. The bounce back may have reflected...

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