Service sector growth at lowest level since 2012

Sun, 14 Apr 2019

By Rebecca Howard April 15 (BusinessDesk) - New Zealand’s services sector activity grew at its slowest pace in more than six years in March, potentially signalling a slowdown in the domestic economy. The BNZ-BusinessNZ performance of services index fell 0.7 of a point to a seasonally adjusted 52.9 compared to February and was 6.5 points lower than in March 2018. That's the lowest reading since December 2012. The index remains below the long-term average of 54.5. A reading above 50 indicates expansion. Services account for about two-thi...

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