NZ services sector picks up in August, all sectors, regions gain as employment strengthens

Sun, 18 Sep 2016

By Sophie Boot Sept. 19 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, grew at a faster pace in August, with all five sub-indexes and geographic areas improving. The BNZ-BusinessNZ performance of services index rose 3.4 points to a seasonally adjusted 57.9 last month, its highest level since last December. All of the five sub-indexes rose, and were above the 50 reading that separates contraction from expansion. The PSI comes after its sister survey, the performance of manufacturing...

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