NZ services sector activity falls for a second month in January

Sun, 14 Feb 2016

By Sophie Boot Feb. 15 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, slowed in January, with retail trade dropping. The BNZ-BusinessNZ performance of services index dropped 3.1 points to a seasonally adjusted 55.4 last month, the lowest level since November 2014, and the second consecutive fall. However, all of the five sub-indices remained above the 50 reading that separates contraction from expansion. "It’s difficult to know if this is anything more than the usual monthly bounce-a...

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