Why do NZ service industries underperform, asks Productivity Commission

Fri, 26 Jul 2013

By Pattrick Smellie July 26 (BusinessDesk) – New Zealand’s productivity watchdog is turning its attention to why service industries, making up more than two-thirds of economic activity, underperform compared to the same sector in other developed economies. Releasing the first of two reports for public comment, the Productivity Commission says the services sector “includes industries with the lowest levels of labour productivity in the economy and also some with comparatively high levels.” Areas such as wholesale and retail services, and “per...

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