Global Economic News

New Zealand Services Sector Slows In September

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.

by RTTNews Staff Writer

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