News: New Zealand service activity rises in March - BNZ

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    WELLINGTON, April 19 (Reuters) - Growth in New Zealand's services sector rose 0.3 point in March, the Bank of New Zealand-Business NZ's seasonally adjusted performance of services index (PSI) showed on Wednesday.

    The PSI for March was 59.0 and the rise was the second highest level of expansion in 18 months.

    A PSI reading above 50.0 indicates that the service sector is generally expanding and below 50.0 that it is declining.

 
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