NZ services sector still buoyant in September, pointing to above-average growth

Sun, 19 Oct 2014

By Paul McBeth Oct. 20 (BusinessDesk) - New Zealand service sector activity expanded at a slightly quicker pace in September than a month earlier, and alongside its sister manufacturing survey continues to point to above-average economic growth. The BNZ-BusinessNZ performance of services index rose 0.3 of a point to 58 in September from August, and was up from 56.5 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, where a reading above 50 indica...

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