NZ services sector hits most buoyant level in 11 months in June

Sun, 19 Jul 2015

By Tina Morrison July 20 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in 11 months in June. The BNZ-BusinessNZ performance of services index rose 0.1 point to a seasonally adjusted 58.2 last month, its highest level since July 2014, and extending a run of continuous expansion since October 2009. All of the five sub-indices were above the 50 reading that separates contraction from expansion. The improved performance in the services sector comes after a...

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