Economic Buzz: New Zealand Service Sector Index Slows To 55.9 In April

New Zealand services sector continued to expand in April with a Performance of Services score of 55.9, the latest survey from BusinessNZ revealed on Monday. Thats down from the downwardly revised 58.6 58.6 in March (originally 58.8). The index score remains well above the boom-or-bust line of 50 that separates expansion from contraction, signaling that the level of activity in New Zealand remains robust.