NZ services sector rises in December, employment recovers from November lag

NZ services sector rises in December, employment recovers from November lag
Sophie Boot
By Sophie Boot Jan. 24 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose in December, with strong growth in employment and new orders. ​The BusinessNZ-BNZ performance of services index rose 0.3 points to 58.4 in December, above the long-term average of 54.1. Three of the five sub-indices rose, and all remained above the level of 50 that separates expanding activity from contraction. Employment rose 1.7 points to 54, with supplier deliveries up 0.6 points to 56.8 and sto...