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New Zealand services sector contracted in March due to Middle East conflict.
New Zealand's services sector contracted at a faster pace in March, with the BusinessNZ Performance of Services Index dropping to 46.0.
This downturn is attributed to the Middle East conflict, which has dampened consumer confidence and led to significant declines in activity and sales.
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El sector de servicios de Nueva Zelanda se contrajo en marzo debido al conflicto de Medio Oriente.