NZ BNZ services plunges down to 47.8, deepening contraction as activity dives

<p>New Zealand’s service sector, as gauged by the BusinessNZ Performance of Services Index, experienced a marked decline in July, descending from 49.6 to a worrying 47.8. This latest reading is not only the lowest since January 2022 but also trails the long-term average of 53.5 significantly. A detailed analysis of the index highlights concerning trends. […]</p>
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