NZ services sector activity rises to highest May level in six years

Mon, 17 Jun 2013

By Tina Morrison June 17 (BusinessDesk) – New Zealand’s services sector edged up in May to its highest level for the month in six years, reflecting widespread expansion and stoking optimism the economy may be picking up pace. The BNZ-Business New Zealand Performance of Services Index was at 56.2 in May, the highest for the month since 2007. The level is little changed from 56.1 in April and follows readings of 55.7 in March and February. A reading above 50 indicates expansion in activity. “This is the strongest sustained growth pulse we’ve...

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