December 15, 2025

New Zealand services sector sinks deeper into contraction in November

Politics

New Zealand's services sector plunges into deeper contraction in November, hitting a new low not seen since 2025. With all sub-indices in the red, businesses blame economic challenges like high living costs and inflation. BNZ economist warns of potential downside risks to economic growth in early 2026. What does this mean for New Zealand's economy moving forward?

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