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flag New Zealand's services sector kept contracting in October 2025, with only manufacturing expanding.

flag New Zealand's services sector contracted in October 2025 for the 20th straight month, with the BusinessNZ PSI rising slightly to 48.7 from 48.3, still below the 50 threshold for expansion. flag All key components remained in contraction, though sales and employment showed modest improvements. flag The manufacturing sector expanded for the fourth consecutive month. flag The central bank cut rates by 50 basis points to 2.5% in an effort to boost growth, but weak demand, high costs, and low consumer confidence continue to weigh on the economy.

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