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Global Economic News

New Zealand Services Sector Slows In September

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

The services sector in New Zealand continued to expand in September, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a Performance of Services Index score of 56.0.

That's down from 57.3 in August, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

There were a "higher number of negative comments specifically mentioning uncertainty around the general election," Business NZ Chief Executive Kirk Hope said in the release accompanying the data.

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