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New Zealand's services sector shows signs of recovery, ending a 10-month decline with PSI at 50.4.
New Zealand's services sector ended a 10-month contraction phase in January, with the Performance of Services Index (PSI) rising to 50.4, indicating expansion.
While sales and activity improved, employment and supplier deliveries remained in contraction.
The recovery is seen as cautious, with economists noting that economic indicators can be unpredictable.
The Reserve Bank is expected to continue lowering interest rates to support the economy.
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El sector de servicios de Nueva Zelanda muestra signos de recuperación, poniendo fin a una disminución de 10 meses con PSI en 50.4.