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BNZ-Business New Zealand performance of services index

Services sector expands at fastest clip in five months

The sector, which accounts for about 70% of economic activity, last month expanded at the fastest pace since October.

Hot real estate market underpins service industries activity

Steady expansion underpinned by rising activity in the banking, financial and legal services industries.

Services activity picks up in January on new orders, sales

 The three other diffusion indexes remain in contraction, however.

Service sector expands at fastest recorded pace in October

Rally ends a horror run of data that had analysts increasing expectations for an interest rate cut next month.