NZ services sector expansion slows in November, pointing to tepid recovery

Sun, 16 Dec 2012

Dec. 17 (BusinessDesk) - New Zealand's services sector growth slowed last month after a surge in activity in October, and is another indicator underlining what's been a tepid economic recovery. The BNZ-Business New Zealand performance of services index fell 4 points to 54.1 in November. A reading above 50 indicates a sector is growing and a reading below 50 indicates contraction. The survey comes after last week's performance of manufacturing index showed that sector muddling along last month. "The latest PMI and PSI outturns reflect an ec...

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