Service sector activity eases in August but still expanding
By Rebecca Howard Sept. 16 (BusinessDesk) - Activity in the services sector eased marginally in August but continues to expand. The BNZ-BusinessNZ performance of services index fell 0.2 points from July to a seasonally adjusted 54.6 and was 1.3 points higher than August 201...
NZ dollar weakens as greenback gains on improving data; oil in focus
By Rebecca Howard Sept. 16 (BusinessDesk) - The kiwi is weaker after the greenback got a lift from improving US retail data and as markets keep a close eye on Saudi Arabia after weekend attacks on major oil plants. The kiwi was trading at 63.68 US cents at 7:55 am in Wellin...
Manufacturing contraction extends into August
By Rebecca Howard Sept. 13 (BusinessDesk) - New Zealand’s manufacturing sector contracted for a second month in August as new orders hit their lowest level in more than 10 years. The Bank of New Zealand-BusinessNZ performance of manufacturing index lifted 0.3 of a point to...
NZ weaker as ECB package, inflation data lifts greenback
By Rebecca Howard Sept. 13 (BusinessDesk) - The New Zealand dollar fell after a bigger than expected stimulus from the European Central Bank and stronger-than-expected US inflation data lifted the greenback. The kiwi was trading at 64.04 US cents at 7:45am in Wellington fro...
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