Off the wire
• S. Korea anticipates DPRK's response to follow-up dialogue offer  • (Recast) Warning bells of El Nino humanitarian disaster are deafening: Australian aid agency  • El Nino causes downgrade in Australia's winter wheat crop  • China Voice: China takes Internet approach towards economic reform  • Experts say China, LatAm could cooperate in battling climate change  • Indian stocks open lower  • Warning bells of El Nino humanitarian disaster are deafening: Australian aid agency  • Cambodian PM advises people to be vigilant over food safety after tainted wine kills 19  • HK competition law takes effect  • Yearender: Latin American countries strive to avoid middle-income trap  
You are here: 　 Home

New Zealand services expansion at 8-year high

Xinhua, December 14, 2015 Adjust font size:

New Zealand's services sector expanded at their fastest rate in eight years last month, according to the latest performance of services index (PSI) out Monday.

The BNZ-Business New Zealand PSI for November was 59.8 - on a scale where above 50 indicates expansion and below 50 contraction - up 3.3 points from October and the highest since November 2007.

Business New Zealand chief executive Phil O'Reilly said it added a very healthy level of expansion in the sector over the last six months, and comments from the survey centered on a steady stream of activity and opportunities for growth.

"Above all, the key indicators of activity/sales (62.3) and new orders/business (64.2) have consistently remained in healthy territory, which has flowed through into the overall result," O'Reilly said in a statement.

The GDP-weighted performance of composite index, which combines the performance of manufacturing index and PSI, was up 2.8 points in November to 58.7. Endit