- The index of business activity in the services sector of New Zealand continues to expand, albeit at a weaker pace
Market news
17 September 2018
The index of business activity in the services sector of New Zealand continues to expand, albeit at a weaker pace
The New Zealand service sector continued to expand in August, though at a weaker pace, data showed.
The index fell to 53.2 from the revised downward of the previous value of 54.8 (originally 55.1). Despite the decline, the indicator remains above the value of 50, which separates the expansion from the contraction.
The report noted that among the individual components of the survey, sales growth and new orders slowed, while employment continued to decline.
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