19 May 2014

Services sector expands again

11:41 am on 19 May 2014

The services sector expanded further in April, showing its strongest growth since 2007.

The BNZ Business New Zealand Performance of Services Index edged up to 58.9 in April compared with the previous month, driven by new orders and sales.

A reading above 50 indicates the sector expanded.

Retail sales, accommodation, cafe and restaurants all experienced strong levels of activity.

The services sector accounts for between two-thirds and three-quarters of the economy.