NZ services sector activity slips in June, stays firmly positive as new orders grow

Sun, 14 Jul 2013

July 15 (BusinessDesk) - New Zealand’s services sector slipped from a six-year high in June while remaining broadly in expansion mode, led by new orders and sales. The BNZ-Business New Zealand Performance of Services Index fell to 55 last month, from 56.2 in May, still the highest for the month of June since 2007. A reading above 50 indicates expansion in activity. The PSI follows the release last of its sister survey, the performance of manufacturing index, which slipped from a nine-year high last month, while still holding at the highest f...

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