Published Jan 30 2012 by

New Zealand service sector struggling to expand

Wellington, Jan 30 - New Zealand's service sector is struggling and will continue to struggle in the near future, an industry leader said Monday on the release of the latest Performance of Services Index (PSI).

The BNZ-Business New Zealand PSI figure for December was just 50.6, down from...

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"This survey's constructive view on staffing is encouraging, and corresponds with other surveys produced in the last couple of months, all signalling ongoing growth on the jobs front" he said in the sta...
"The results for December and October indicate that the sector may struggle for stronger expansion in the near future."
"While the PSI has now remained in positive territory for 26 consecutive months, it has struggled to push any higher than moderate levels of expansion" said O'Reilly in a...

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