The services sector in New Zealand climbed back up into expansion territory in June, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 50.6.
That’s up from the upwardly revised 48.0 in May (originally 47.5) and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, supplier deliveries (51.2) and new orders (53.0) expanded, while activity/sales (49.3), employment (48.8) and stocks/inventories (49.9) contracted.
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