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;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

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/3475667a-7755-490d-a99c-b3b40137e637/transcript

Advertisement