NZ services sector slows in September, weighed by activity and sales

By Rebecca Howard
Oct. 16 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped in September with activity and sales taking a tumble in a month dominated by the general election.
The BNZ-BusinessNZ performance of services index fell 1.2 points to a seasonally adjusted 56.0 last month. All of the five sub-indices were above the 50 reading that separates contraction from expansion, however, activity and sales dropped 6.1 points to 56.6.
Bank of New Zealand senior economist Doug Steel...
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