Xinhua, Wellington :
Growth in New Zealand’s services sector accelerated last month, according to the latest performance of services index (PSI) out Monday.
The BNZ-Business New Zealand PSI for August was 57.9 on a scale where above 50 indicates expansion and below 50 contraction. It was up 3.4 points from July, and was the highest value since December 2015.
Business New Zealand chief executive Kirk Hope said in a statement that many of the comments in the PSI survey mentioned new customers and markets creating enhanced opportunities for growth.
The GDP-weighted BNZ-Business New Zealand performance of composite index, which combines the PSI and the performance of manufacturing index, was up 3.1 points from July to 57.8.
