NZ services sector activity slows in June; retail still upbeat

Sun, 17 Jul 2016

By Sophie Boot July 18 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, slowed in June although it remains in positive territory with retailing one of the strongest industries. The BNZ-BusinessNZ performance of services index fell 0.2 of an index point to a seasonally adjusted 56.7 last month, with all five sub-indices holding above a reading of 50 which separates contraction from expansion. "Much like the PMI did, the PSI exhibited resilience in June, with an index reading of 56.7,"...

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