Monday, 19 September 2016

Services sector picks up in August, employment strengthens

New Zealand’s services sector, which accounts for about two-thirds of the economy, grew at a faster pace in August, with all five sub-indexes and geographic areas improving.

The BNZ-BusinessNZ performance of services index rose 3.4 points to a seasonally adjusted 57.9 last month, its highest level since last December. All of the five sub-indexes rose and were above the 50 reading that separates contraction from expansion.



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