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

Sun, 15 Oct 2017

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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