NZ services sector activity rises in November, while employment lags behind: PSI

Sun, 18 Dec 2016

By Sophie Boot Dec. 19 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, strengthened last month as sales improved, although employment was subdued as competition for workers increased. The BusinessNZ-BNZ performance of services index rose 1.3 points to 57.9 in November, still above the long-term average of 54.1. Three of the five sub-indexes rose, and all remained above the level of 50 that separates expanding activity from contraction. "This is more than just the run up to...

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