New Zealand Services Sector Slows In November



The services sector in New Zealand continued to expand in November, albeit at a slower pace, the latest survey from Business NZ revealed on Monday with a PMI of 54.8. That's down from 57.0 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. By region, the index for the Northern region came in at 55.5, while the Central region was at 57.1, Canterbury was at 56.8 and Otago came in at 65.3.

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