20 Feb 2012

Services sector expands

12:56 pm on 20 February 2012

Activity in the services expanded in January.

The BNZ-Business New Zealand Performance of Services Index rose almost three points to 53.6 in January.

A reading above 50 indicates the sector is expanding.

The result is the third highest ever recorded for a January.

Four of the five sub-indices expanded, led by new orders and employment.