WELLINGTON, Feb 20 (Reuters) - Growth in New Zealand's
services sector grew in January, with the Bank of New
Zealand-Business NZ's seasonally adjusted services index (PSI)
reaching the second-highest level in the past 10 years.
The index rose 1 point from the previous month to 59.5, just
shy of the 59.7 touched in 2015.
A reading above 50 indicates expansion in activity.
Gains were broad-based and new business and order activity
increased to its highest in three years, pointing to continued
service activity growth in the coming months.
(Reporting by Charlotte Greenfield; Editing by David Goodman)
Keywords: NEWZEALAND ECONOMY/SERVICES