The services sector in New Zealand picked up steam in August, the latest survey from Business NZ revealed on Monday with a Performance of Services Index score of 57.3.
That's up from 56.0 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, the index was boosted by solid gains from sales and new orders.
"Melded with the PMI, the latest PSI forms a picture of rude growth in the NZ economy, overall," said BNZ Senior Economist Craig Ebert.
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