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22.01.2018 23:45:06
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New Zealand Services PMI Slows In December
(RTTNews) - The services sector in New Zealand continued to expand in December, albeit at a slightly slower pace, the latest survey from Business NZ showed on Tuesday with a Services PMI score of 56.0.
That's down from the upwardly revised 56.5 in November (originally 56.4), although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
"There was a heavy seasonal factor at play, with Christmas and the holiday period being a key influence," Business NZ chief executive Kirk Hope said in a statement accompanying the release.
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