NZ services sector grows at slower pace in June

Sun, 15 Jul 2012

July 16 (BusinessDesk) - New Zealand’s services sector expanded at a slower pace in June, while remaining in growth for the 23rd month in a row, led by strong new orders/business. The seasonally adjusted BNZ-BusinessNZ Performance of Services fell 2.3 points to 54.3 in June from May and all five sub-indexes in the survey recorded expansion. The PSI follow’s last week’s performance of manufacturing survey, which also showed a slowing pace of expansion. The GDP-weighted composite index, which combines services and manufacturing, declined 2.9 p...

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