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Asian Economic News

New Zealand Performance Of Service Index 53.1 In July

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

An index measuring the service sectors in New Zealand came in at a score of 53.1 in July, BNZ-Business New Zealand said on Monday - remaining above the 50 mark that separates expansion from contraction.

The headline figure is down from the downwardly revised 53.9 in June - which was originally pegged at 54.3.

Among the individual components, new business/orders were at 58.8, while activity/sales were at 52.3, employment came in at 52.5 and stocks/inventories were at 51.5.

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