Economy moving in the "right direction" as services sector sees slight growth
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A sign the economy is getting back on track.
The latest BNZ-BusinessNZ Performance of Services Index shows the sector's grown in June – only the fifth month of growth in the last two and a half years.
The hospitality industry is continuing to contract, but it’s offset by the good results in transport and storage.
Economist Cameron Bagrie told Ryan Bridge the car is moving in the right direction – we’re not exactly sprinting or going at a full pace, but we’re certainly moving towards where we need to be.
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