NZ services sector activity rises to six-month high in January

Sun, 15 Feb 2015

By Suze Metherell Feb. 16 (BusinessDesk) - New Zealand's services sector activity rose to a six-month high in January as record inward migration boosted demand for housing, increasing the need for property-related services. The BNZ-BusinessNZ performance of services index rose 1.1 points to 57.8 last month from December. The service sector, which accounts for about two-thirds of the economy, has been growing since July 210, based on the PSI, where a reading above 50 indicates expansion. Across the PSI's sectors, three out of four were...

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