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New Zealand Services Sector Slows Marginally

The services sector in New Zealand continued to expand in June, albeit at a slightly slower rate, the latest survey from Business NZ showed on Monday with a Performance of Services Index score of 58.6.

That's down from 58.8 in May, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, supplier deliveries, new orders and stocks all expanded at a faster rate.

Sales also continued to expand but at a slower pace.

by RTTNews Staff Writer

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