Services sector continues to expand

The country’s services sector is continuing to expand in the early part of the year with strong growth across all segments.

The domestic economy helped drive the sector’s growth last month while improving client confidence also translated into new orders for businesses.

The service sector experienced its 31st consecutive month of growth in February as the Investec Services Purchasing Managers’ Index headline figure climbed to 61.4, down slightly from 62.5 in January but representative of strong growth nonetheless.