NZ services sector activity lifts in November, led by sales and new orders

Sun, 17 Dec 2017

By Tina Morrison Dec. 18 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, advanced in November, snapping two months of declines, led by increases in sales and new orders. The BNZ-BusinessNZ performance of services index lifted 0.7 points to a seasonally adjusted 56.4 last month, above its long-term average of 54.4. All of the five sub-indices were above the 50 reading that separates contraction from expansion. The survey's new orders/business sub-index posted the highest readi...

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