NZ services sector dips in June, activity/sales down

Sun, 16 Jul 2017

By Sophie Boot July 17 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped slightly in June, though economists say signs are still good for economic expansion. The BusinessNZ-Bank of New Zealand performance of services index dipped 0.2 points to 58.6 in May. A reading of 50 separates expansion from contraction, and New Zealand's services sector has been in expansion since July 2010. The index had bounced 5.6 points in May, after a combination of school holidays and unseasonably wet we...

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