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Fundamental Analysis Posted 1 hour ago

New Zealand Services Index Rises to Three-Year High at 51.2

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New Zealand's BNZ–BusinessNZ Performance of Services Index climbed to 51.2 in August from 50.6, marking the strongest reading since September 2023 and the third consecutive monthly expansion. Despite the headline strength, underlying employment and activity measures remain subdued, signaling mixed economic momentum. This divergence suggests limited immediate pressure on RBNZ rate decisions.
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