News | Business
16 Dec 2025 22:36
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    The services sector is blaming the weak economic environment for a downturn in activity

    The services sector is blaming the weak economic environment for a downturn in activity


    The latest Performance of Services Index has New Zealand contracting again in November, with a reading of 46 point 9.

    To show growth, it needs to be at 50 or above.

    ABC Business Sales CEO Chris Small says in comparison, the retail sector saw a boost around Black Friday.

    He says this shows things are turning around and services are just the lagging factor.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     16 Dec: The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black
     16 Dec: Cocaine use continues to soar in New Zealand
     16 Dec: A new record median house price for Canterbury
     16 Dec: Consumer spending has been down for the first 14 days of December - 0.3 percent lower than last year
     16 Dec: The Government's making moves to acquire properties for North Canterbury's Woodend Bypass
     16 Dec: New data shows the service sector has now dipped in activity for six months in a row
     15 Dec: Potential for foreign buyers to push up property prices in wealthy hotspots
     Top Stories

    RUGBY RUGBY
    Could Warren Gatland be poised to return to international rugby coaching? More...

    BUSINESS BUSINESS
    The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black More...


     Today's News

    		 Law and Order:
    Another subcontractor has pleaded guilty in a road-maintenance corruption case 21:57

     Entertainment:
    Miley Cyrus says touring is a "pretty isolating" and draining experience for artists 21:50

     Entertainment:
    Olivia Wilde is releasing a charity necklace to help victims of the California wildfires 21:20

     Motoring:
    Flooding has partially closed State Highway 1 in Southland's Gore 21:17

     Entertainment:
    Christina Aguilera says her daughter prefers her as a "no-makeup mama" 20:50

     Entertainment:
    John Cena can "operate" without sleep for 40 hours straight 20:20

     Entertainment:
    Howard Stern has hit back at Kim Kardashian after she claimed he accused her of faking her 2016 Paris robbery 19:50

     Entertainment:
    Daniel Craig is "enjoying" acting "more than ever" since quitting as James Bond 19:20

     Living & Travel:
    Deciding to get a pet when I didn't think I could 18:57

     Soccer:
    Auckland FC defender Callan Elliott's reflecting on a moment he'd like to forget 18:57

     News Search




    Power Search

    © 2025 New Zealand City Ltd