A sign the economy is getting back on track. 

The latest BNZ-BusinessNZ Performance of Services Index shows the sector's grown in June – only the fifth month of growth in the last two and a half years. 

The hospitality industry is continuing to contract, but it’s offset by the good results in transport and storage. 

Economist Cameron Bagrie told Ryan Bridge the car is moving in the right direction – we’re not exactly sprinting or going at a full pace, but we’re certainly moving towards where we need to be. 

LISTEN ABOVE 

A sign the economy is getting back on track.&nbsp;
The latest BNZ-BusinessNZ Performance of Services Index shows the sector's grown in June – only the fifth month of growth in the last two and a half years.&nbsp;
The hospitality industry is continuing to contract, but it’s offset by the good results in transport and storage.&nbsp;
Economist Cameron Bagrie told Ryan Bridge the car is moving in the right direction – we’re not exactly sprinting or going at a full pace, but we’re certainly moving towards where we need to be.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Cameron Bagrie: Economist on the latest BNZ-BusinessNZ Performance of Services Index, state of the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cc7e2208-b95b-4a87-9f14-b486018aaff6/transcript