NZ services sector activity perks up in July, allaying fears of manufacturing slowdown

Sun, 12 Aug 2018

By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand's services sector activity picked up in July as strong tourism numbers continued to underpin the wider economy, allaying fears about the impact of slowing manufacturing. The BNZ-Business New Zealand performance of services index rose 2.4 points to a seasonally adjusted 55.1 in July, reversing some of June's decline, and sitting above the long-run average of 54.5. Services account for about two-thirds of the country's economy, and the PSI series has been in a period of ongoing expansion...

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