Services sector sluggish at year end

Sun, 27 Jan 2013

Jan 28 (BusinessDesk) - The services sector is treading water, with the latest BNZ-Business New Zealand Performance of Services Index falling 2.7 points to 51.5 in December from its November levels, which in turn were 3.6 points down on October's outcome. The result mirrors ambiguous readings from the Performance of Manufacturing Index last week, which like the PSI remained in positive territory, but gave mixed signals about business conditions. Over 2012, the PSI averaged 53.8, with all but one month (August) in expansion. Compared to pre...

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