Hon GRANT ROBERTSON: The June BNZ-Business New Zealand Performance of Services Index (PSI) was released yesterday, showing the services sector also bounced back strongly in June. The sector expanded with a PSI reading of 54.1, up 16.6 points since May. There are also encouraging signs in the activity and sales measures, jumping up to 58.7, and new orders, up to 59.6. As in the PMI, the employment indicator lifted but remains at 45.1. Compared with international counterparts, New Zealand's PSI was better than that of Australia, the UK, the US, the eurozone, and Japan, who all saw contractionary readings for June. This is a further signal that our decision to go hard and early with our health response was also the best thing to do from an economic perspective. Because we have a more open economy, our industries are expanding faster than the rest of the world.