New Zealand’s services sector extended its downturn in March, adding to signs that the economy may be heading toward contraction. The BusinessNZ Performance of Services Index declined from 47.6 to 46.0, a level firmly in contraction territory and well below its long-term average of 52.8. The reading signals continued weakness in domestic demand amid a […]The post New Zealand PSI Drops to 46.0, BNZ Sees Economy Nearing Contraction appeared first on ActionForex.