Otago and Southland's services sector activity edged up
slightly last month, providing the best national July result
in the six years the BNZ Business New Zealand survey has been
Nationally, the services index was up 3 points to 58.1.
Otago-Southland gained 4 to hit 52.3 and the North Island's
northern region led the gains, up 11.9 points to 62.9.
Index readings above 50 reflect expansion and below,
contraction. The North Island's central region and Canterbury
Westland both fell, to 50.5 and 48.8 respectively.
Otago Southland Employers' Association chief executive John
Scandrett said the positives of a tourism surge and school
holidays boost were tempered with some sectors in
''The July services index in Otago-Southland has delivered a
marginally expansionary outcome that brings forward positive
signals on retail-based and selected tourism industry
activities,'' he said.
Although the southern sub-indices of activity-sales levels
and the employment indicators remained buoyant, Mr Scandrett
said the orders-new business sector was ''just in contraction
mode'' and could slow down.
Business New Zealand chief executive Phil O'Reilly said that
after five months of consistent and healthy growth in
activity, the July result provided additional evidence that
2013 was continually shaping up as a positive one for the New
BNZ senior economist Craig Ebert said the latest index added
to numerous other signs that the economic expansion was now
''Indeed, the chances of getting 5% GDP growth over the
coming 12 months cannot be taken lightly,'' he said in a