NZ services sector grows at fastest pace in four months in February

Sun, 17 Mar 2013

March 18 (BusinessDesk) – New Zealand’s services sector grew at the fastest pace in four months in January, adding to signs that business activity has strengthened in recent months. The BNZ-BusinessNZ Performance of Services Index rose 2.7 points to 55.5 in February, the highest reading since October last year and the high recorded for the month of February since the survey began in 2007. The PSI follows its sister survey on manufacturing, released last Friday, which showed a third month of expansion to the highest level in a year. The Reser...

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