Services sector activity drops in June, points to lower GDP
Composite index indicates growth will struggle to stay above 2% this year.
Nevil Gibson Mon, 15 Jul 2019
Two leading indicators of economic growth – the performance of services and manufacturing indexes – point to further deterioration.
The BNZ-BusinessNZ Performance of Services Index (PSI) eased to a seasonally adjusted 52.7, from 53.5 in May. The BNZ-BusinessNZ Performance of Manufacturing
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