NZ services sector activity picks up in February as jobs growth makes up for manufacturing

Sun, 13 Mar 2016

By Paul McBeth March 14 (BusinessDesk) - New Zealand's services sector activity expanded at a faster pace in February, as a better employment outlook made up for a deteriorating jobs picture among manufacturers. The BNZ-BusinessNZ performance of services index rose 1.5 points to a seasonally adjusted 56.9 last month, snapping two declines. The series has been above 50, which separates expansion from contraction, for five-and-a-half years. Among the sub-indices, employment increased 2.4 points to 53.5. That's in contrast to a contract...

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