New Zealand’s services sector stayed in expansion in July, although momentum eased slightly. BNZ–BusinessNZ PSI slipped from 50.9 in June to 50.6 in July, marking a second consecutive month above 50 breakeven. Encouragingly, Activity/Sales improved from 49.7 to 50.5, moving into expansion for first time in six months, while Stocks/Inventories strengthened from 50.3 to 51.6. […]The post NZ PSI Recovery Holds, but Employment Still Refuses to Follow appeared first on ActionForex.