New Zealand Services Sector Continues To Expand In August

The services sector in New Zealand continued to expand in August, albeit at a slightly lower pace, the latest survey from Business NZ revealed on Monday with a performance of services index score of 59.7. That's down from 58.4 in July, although it remains well above the line of 50 that separates expansion from contraction. Among the individual components of the survey, all five elements were in expansion, including employment, stocks and inventories, and new orders. By region, growth was strongest in the Northern region, Central, Canterbury and Otago. The material has been provided by InstaForex Company - www.instaforex.com
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