NZ services remain in expansion in October

Sun, 16 Nov 2014

By Suze Metherell Nov. 17 (BusinessDesk) - New Zealand's services sector expansion slowed in October from a month earlier, as economic growth moderated from a rapid to a more sustainable pace. The BNZ-Business NZ performance of services index fell 0.2 points to 57.8 in October, from September, and was unchanged from the same month a year earlier. The service sector, which accounts for about two-thirds of economy, has been in expansion since July 2010, where a reading above 50 indicates increased activity. The index has been consistent...

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