Bloomberg News

New Zealand Services Industry Grew at Slower Pace in December

January 29, 2012

Jan. 30 (Bloomberg) -- New Zealand’s services industry grew at a slower pace in December, according to the Performance of Services index.

The index fell to 50.6 in December from a revised 56.2 in November, Bank of New Zealand Ltd. and Business New Zealand, a Wellington-based employer group, said on the Business New Zealand website. A reading above 50 indicates an expansion.

To contact the editor responsible for this story: Chris Bourke at

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