The services sector in New Zealand continued to expand in August, and at a much faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 58.6. Thats up from the upwardly revised 54.4 reading in July (originally 51.2) and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Among the main indices, sales (67.1), new orders (66.5), stocks (59.6) and employment (50.8) all expanded, while supplier deliveries (49.6) were barely in contraction.Powered by Commodity Insights
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