NZ services activity falls in January as employment, new business drop back

Sun, 18 Feb 2018

By Sophie Boot Feb. 19 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, dipped in January, with employment falling amid expectations immigration will keep available labour levels high. The BNZ-Business NZ performance of services index fell 0.2 points to a seasonally adjusted 55.8 last month. All of the five sub-indices were above the 50 reading that separates contraction from expansion, with three rising while two fell. The employment sub-index dropped 5.2 points to 50.6 in J...

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