18 Feb 2013

Services sector up

12:45 pm on 18 February 2013

Activity in the services sector has edged up, led by sales and new orders.

The BNZ-Business New Zealand Performances of Services Index rose 1 point to 52.6 in January, which

A reading above 50 indicates the sector is expanding.

While new orders and sales rose, employment and inventories fell.

Business New Zealand chief executive Phil O'Reilly said activity remains patchy.

Despite a pick-up in expansion, he said negative comments outweighed positive remarks, which were heavily influenced by the Christmas and holiday season.