News: New Zealand services activity grows in Dec -BNZ survey

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    WELLINGTON, Jan 24 (Reuters) - Growth in New Zealand's services sector rose to its highest 2016 levels in December, a survey showed on Tuesday.

    The Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) rose 0.3 points to 58.4 from the previous month.

    A reading above 50 indicates an expansion in activity. The growth was driven by production activity and new orders, which economists said pointed to an expansion in sales activity in 2017.

 
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