NZ services sector activity outshines manufacturing in December slowdown

Mon, 22 Jan 2018

By Rebecca Howard Jan. 23 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, eased in December but held up better than its sister manufacturing index, suggesting the sector is less concerned about the new government. The BNZ-Business NZ performance of services index fell 0.5 points to a seasonally adjusted 56 last month. All of the five sub-indices were above the 50 reading that separates contraction from expansion. Activity averaged 56.9 in 2017, up from 56.6 a year earlier. I...

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