New Zealand performance of service index 57.9 in November: BNZ
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[WELLINGTON] Growth in New Zealand's services sector rose 1.3 points in November to 57.9, the Bank of New Zealand-Business NZ's performance of services index (PSI) showed on Monday.
That made November one of the strongest months of activity in 2016, despite a deadly earthquake, as tourism boomed and a rise in net immigration drove demand for services.
"The November PSI was a picture of strength, and contributes to the broad based growth the service sector has shown over 2016," BNZ senior economist Doug Steel said in a statement.
A reading above 50 indicates expansion in activity.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
