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17 Dec 2025 17:43
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      Home > News > Business

    The services sector is blaming the weak economic environment for a downturn in activity

    The services sector is blaming the weak economic environment for a downturn in activity


    The latest Performance of Services Index has New Zealand contracting again in November, with a reading of 46 point 9.

    To show growth, it needs to be at 50 or above.

    ABC Business Sales CEO Chris Small says in comparison, the retail sector saw a boost around Black Friday.

    He says this shows things are turning around and services are just the lagging factor.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    		 Cricket:
    The West Indies have warmed-up for the third and final cricket test against New Zealand in Mount Maunganui by chilling out 17:37

     Rugby:
    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players 17:37

     Law and Order:
    FBI releases footage of Brown University shooting suspect 17:27

     Health & Safety:
    Health officials have confirmed one new measles case in Queenstown - linked to overseas travel 17:27

     Entertainment:
    Ryan Coogler insisted he didn't turn down an invitation to the Academy of Motion Pictures Arts and Sciences "out of animosity" 17:20

     Entertainment:
    Chase Infiniti has joined Louis Vuitton as a brand ambassador 16:50

     Entertainment:
    Taylor Swift is not a "chill person" 16:20

     Law and Order:
    Jevon McSkimming sentencing: why a public inquiry into the police should be next 16:07

     Entertainment:
    Glenn Close was "too clueless" to realise she went on a date with Robert Redford 15:50

     Law and Order:
    The Crown believes Jevon McSkimming must have known he was committing crimes, given his position of power 15:27

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