NZ services sector expands in March, rebounding after a drop in February

Sun, 19 Apr 2015

By Suze Metherell April 20 (BusinessDesk) - The New Zealand services sector, which makes up about two thirds of the economy, expanded in March, following a drop off in February, led by gains in new orders and stocks/inventories. The BNZ-BusinessNZ performance of services index increased 1.6 points to 57.6, with all five sub-indices remaining above the 50 level that separates contraction from expansion. Last month's reading is slightly below the March 2014 reading of 57.7. The services sector survey comes after the manufacturing series...

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