NZ services sector expands in March

Tue, 18 Apr 2017

By Rebecca Howard April 19 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, expanded in March as the new orders/business sub-index pushed higher as record migration and tourism have underpinned recent gains in consumer spending. The BusinessNZ-BNZ performance of services index rose 0.3 points to 59 in March, the second-highest level of expansion over the past 18 months. Two of the five sub-indices increased, and all remained above the level of 50 that separates expanding acti...

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