Services activity bumps up in May but manufacturing stalls
A buildup of inventory reflects slowing demand for goods and services.
Nevil Gibson Mon, 17 Jun 2019
Activity in the services sector bumped up in May and declined in manufacturing.
However, both of the BNZ-BusinessNZ performance indexes are still running below their long-term averages, indicating the economy is having traction problems.
BNZ economists, who have analysed the results, say this
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