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Services sector keeps its head above water as jobs slump drags on

The BNZ-BusinessNZ Performance of Services Index fell 0.3 points to 50.6, marking a second consecutive month above the 50-point mark that separates expansion from contraction.

  • Services sector slightly improved in July but stayed just above expansion-contraction boundary
  • Employment index at 48.5 shows 32-month streak of job losses
  • Cost-of-living pressures, fuel prices, interest rates, and election uncertainty primary concerns

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