Pick-up in services, manufacturing to contain any economic slowdown

Sun, 18 Nov 2018

By Paul McBeth Nov. 19 (BusinessDesk) - Increased services and manufacturing activity last month will likely keep any third-quarter economic slowdown short-lived. The BNZ-Business NZ performance of services index rose 1.2 points to 55.4 in October, its highest level in five months and above the long-run average of 54.5. The PSI followed a similar recovery in its sister survey - the performance of manufacturing index - released last week. Any reading above 50 indicates growth. The composite index - which combines both indices - increas...

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