NZ services sector activity reaches highest level in almost eight years in September

Sun, 18 Oct 2015

By Tina Morrison Oct. 19 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in almost eight years in September. The BNZ-BusinessNZ performance of services index rose 0.8 points to 59.3 last month, its highest level since November 2007 and extending a run of continuous expansion since August 2010. All of the five sub-indices were above the 50 reading that separates contraction from expansion. The improved performance in the services sector comes after a simil...

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