NZ services sector activity comes off its highs in October

Sun, 15 Nov 2015

By Tina Morrison Nov. 16 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, expanded at a slower rate in October as it came off its highest level in almost eight years. The BNZ-BusinessNZ seasonally adjusted performance of services index slipped to an eight-month low of 56.2 in October, down from 59 in September which was the highest since November 2007. All of the five sub-indices were above the 50 reading that separates contraction from expansion. The slowing of activity in the service...

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