NZ data - February Services PMI 56.9 (from 55.4 prior)

Performance of Services Index for New Zealand, February.

• 56.9, up 1.5 points from January's 55.4
• The index has 5 sub-indices, all 5 rose in February
• Notably, the employment sub index rose (53.5 in February, from 50.9 in January), offsetting somewhat the decline in employment seen in the manufacturing PMI last week.

Not an immediate FX market mover

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BNZ / Business NZ Performance of Services Index