16 Feb 2015

PSI points to positive start

4:03 pm on 16 February 2015

Activity in the services sector has started the year strongly.

The BNZ-Business New Zealand Performance of Services Index for January rose 1 point to 57.8, its highest value since July last year.

A reading above 50 points indicates expansion.

There was expansion throughout New Zealand, with new orders increasing by half a point to 61.4, although down almost 6 percent from last year.

Business New Zealand chief executive Phil O'Reilly said the healthy peformance was encouraging following a weaker than expected reading in last month's manufacturing survey.

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