NZ services sector activity ends 2014 on up note

NZ services sector activity ends 2014 on up note
By Paul McBeth Jan. 26 (BusinessDesk) - New Zealand's services sector activity picked up in December, led by wholesale trade and hospitality. The BNZ-BusinessNZ performance of services index rose 1.8 points to 56.5 in December from November, which was the average level over 2014. That compares to average expansion of 55.8 in 2013. The service sector, which accounts for about two-thirds of the economy, has been growing since July 2010, based on the PSI, which uses a scale where 50 divides expansion from contraction. "Along with the robu...