New data shows the service sector has now dipped in activity for six months in a row. 

The most recent PSI recorded performance at its lowest since May, at 46.9.  

For growth, it needs to sit at 50 or above. 

ABC Business Sales CEO Chris Small told Heather du Plessis-Allan the results were a surprise. 

He says the data had suggested the low point would be during Winter. 

The sector is blaming the weak economic environment for the downturn, Small saying that in comparison, the retail sector saw a boost around Black Friday. 

He says this shows things are turning around and services are just the lagging factor. 

LISTEN ABOVE  

New data shows the service sector has now dipped in activity for six months in a row.&nbsp;
The most recent PSI recorded performance at its lowest since May, at 46.9. &nbsp;
For growth, it needs to sit at 50 or above.&nbsp;
ABC Business Sales CEO Chris Small told Heather du Plessis-Allan the results were a surprise.&nbsp;
He says the data had suggested the low point would be during Winter.&nbsp;
The sector is blaming the weak economic environment for the downturn, Small saying that in comparison, the retail sector saw a boost around Black Friday.&nbsp;
He says this shows things are turning around and services are just the lagging factor.&nbsp;
LISTEN ABOVE &nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Chris Small: ABC Business Sales CEO on the service sector's worst performance since May

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b85be9a9-0ae7-4b1e-b278-b3b40137e7d6/transcript