NZ services sector activity rises to 6-year high, led by new orders

Sun, 17 Nov 2013

Nov. 18 (BusinessDesk) - New Zealand’s services sector, which accounts for almost two-thirds of the economy, accelerated to a six-year high in October, led by the strength of new orders and sales. The BNZ-BusinessNZ performance of services index rose 1.8 points to 58.2 last month, following the highest September reading since the survey began in 2007. A reading above 50 indicates expansion in activity. All five sub-indexes of the PSI were in expansion last month, with supplier deliveries the only measure to slow, falling 1.7 points to 51.4....

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