NZ services sector slows in November, while remaining in expansion

Sun, 14 Dec 2014

By Jonathan Underhill Dec. 15 (BusinessDesk) - New Zealand's services sector expansion slowed in November, while remaining in expansion, adding to evidence the economy is slowing to a more moderate pace of growth. The BNZ-Business NZ performance of services index fell 2.2 points to 54.8 in November from October, and was from September, to be down from 57 in the same month a year earlier. The service sector, which accounts for about two-thirds of the economy, has been in expansion since July 2010, based on the PSI, which uses a scale wher...

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