This is the Business New Zealand Performance of Services Index. Solidly in expansion and off from August.
BusinessNZ chief executive Kirk Hope:
- the two key sub-indexes of New Activity/Sales (59.2) and New Orders/Business (62.9) remaining in a very healthy position.
BNZ Senior Economist Craig Ebert:
- “the composite PCI held together at 54.4 in free-weighted terms, while the GDP weighted composite came in at 55.4, from 58.2 in August. These marry with our view that Q3 GDP increased about 1.0%”