NZ services sector slows, remains in expansion in February as sales pick up

Sun, 15 Mar 2015

March 16 (BusinessDesk) - New Zealand's services sector, which makes up about two thirds of the economy, slowed in February while remaining in expansion, led by sales, with signs the strong pace of growth in 2014 is continuing into the current year. The BNZ-BusinessNZ performance of services index (PSI) fell 2.2 points to 55.6 last month, with all five sub-indexes above the 50 level that separates contraction from expansion. The services sector survey follows the manufacturing series last week, which rebounded from a two-year low to exten...

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