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

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