NZ services growth slows in April, led by a drop in stock, supplier deliveries

Sun, 17 May 2015

By Suze Metherell May 18 (BusinessDesk) - Growth in New Zealand's service sector, which makes up about two thirds of the economy, slowed in April as stock/inventories and supplier deliveries dropped. The BNZ-BusinessNZ performance of services index fell 1.1 points to 56.5, with all five sub-indices remaining above the 50 level that separates contraction from expansion. The April reading was lower than the same month a year earlier reading of 58.4. "The key indicators of activity/sales and new orders/business remained over the 60-point...

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