Here's our summary of key economic events over the long weekend that affect New Zealand, with news the global service sector is expanding faster and keeping the long-awaited economic retreat at bay. This wasn't expected because a faster expansion was anticipated. They ran at about a +15.0 mln annual rate and well down on the +16.1 mln annual rate in April. Japan's service sector is expanding even faster now and at a record pace since this survey began in 2008India's service sector is expanding faster as well. The Kiwi dollar starts today little-changed at 60.8 USc.

Source: New Zealand Herald June 05, 2023 22:45 UTC