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flag New Zealand's services sector shows signs of recovery, ending a 10-month decline with PSI at 50.4.

flag 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. flag While sales and activity improved, employment and supplier deliveries remained in contraction. flag The recovery is seen as cautious, with economists noting that economic indicators can be unpredictable. flag The Reserve Bank is expected to continue lowering interest rates to support the economy.

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