Growth in NZ's services sector slips in June

Published Sun, Jul 17, 2016 · 10:57 PM
Share this article.

[WELLINGTON] Growth in New Zealand's services sector slipped slightly in June, a survey showed on Monday.

The Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) fell 0.2 points to 56.7 from 56.9 in the previous month.

A reading above 50 indicates expansion in activity.

BusinessNZ Chief Executive Kirk Hope said that the result for June continued the trend of "healthy expansion," with the sector remaining in a positive position.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here