NZ services sector picks up pace to record September level, led by new orders

Sun, 13 Oct 2013

Oct. 14 (BusinessDesk) – New Zealand’s services sector, which accounts for almost two-thirds of the economy, accelerated to a record for a September month, led by new orders/business. The BNZ-BusinessNZ performance of services index rose 2.3 points to 55.6 in September, the highest for that month since the survey began in 2007. A reading above 50 indicates expansion in activity. All five sub-indexes of the PSI grew last month, with stocks/inventories the only one to weaken, falling 1.7 points to 51.5. The survey showed a bounce back in Can...

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