The service sector in New Zealand continued to expand in October, and at a faster rate, the latest survey from BusinessNZ revealed on Tuesday with a Performance of Service Index score of 51.4.
That’s up from 50.4 in September and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, new orders and stocks expanded last month, while sales, employment and supplier deliveries remained in contraction.
“October’s PSI was still shy of its historical average of 54.0. This was perhaps more disappointing than was the case for the PMI as the service sectors should arguably have been exhibiting a stronger rebound,” said BNZ Senior Economist Craig Ebert.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.