Monday 17th October 2011
|Text too small?|
New Zealand’s service industry expanded for an eighth month in September, though slipping from August's pace, with growth led by new orders.
The BNZ-Business New Zealand performance of service index (PSI) fell 0.6 points from August to 53.2 on a scale where 50 marks the divide between expansion and contraction.
The Canterbury/Westland region posted the strongest growth, rising 0.7 points to 57.2, while Otago/Southland remained in contraction at a record-low 34.4.
The service sector’s performance was in line with manufacturing, matching a similar result in the performance of manufacturing index (PMI), released last week, which showed a sector in expansion though with the pace moderating.
In the latest month, four of the five PSDI sub-indexes expanded in September, with new orders slipping to 56.2 from 58.5 in August. Activity/sales fell to 51.2 from 56.4 while employment recovered to 53.5 from 49.4.
Stocks/inventories remained in contraction at 49.8 from 49.4 and supplier deliveries slipped to 52.1 from 53.1.
No comments yet
Geneva Finance Limited (NZX: GFL) Half Year Results
The New Zealand Refining Company Limited (NZX: NZR) NZ announces equity raising
Asset Plus Limited (NZX: APL) Result for the six months ended 30 September 2021
Me Today Limited (NZX: MEE) 30 September 21 Results and Conditional Placement
Oceania Healthcare Limited (NZX: OCA) Delivers Improved Performance Despite COVID-19
29th November 2021 Morning Report
Radius Residential Care Limited (NZX: RAD) Announces Half Year Results of FY22
NZ Automotive Investments Limited (NZX: NZA) Interim Results for Half Year 2022
Greenfern Industries Limited (NZX: GFI) Releases Interim Results
Hallenstein Glasson Holdings Limited (NZX: HLG) Announcement of Final Dividend