Service sector

Service sector suffers more from latest COVID outbreak than in 2021: chamber

Taipei, May 18 (CNA) Taiwan’s growing COVID-19 outbreak has dealt a bigger blow to the country’s service industry than last summer, when strict disease controls were introduced in the first wave of cases, a chamber of commerce said Wednesday. Although the current epidemic has not yet peaked, sales in the food and beverage, tourism, accommodation […]

Service sector

9 key actions proposed in the policy paper to transform the service sector and address the labor shortage

SINGAPORE – Faced with the severe labor shortage in the service sector and the need to transform it and promote sustainable growth, the Singapore Business Federation (SBF) has proposed several actions in a guidance released Thursday, May 12. These include reviewing the foreign labor quota in the service sector and collaborative efforts to enable companies […]

Service sector

Computer and information services industry sets first-quarter sales record

Taipei, May 10 (CNA) Taiwan’s computer and information services industry led several sectors in hitting a record level of sales for the first quarter, with total revenue surpassing NT$115 billion. ($3.9 billion) for the first three months of 2022, according to the Ministry of Economic Affairs (MOEA). Data compiled by the Department of Statistics of […]

Service sector

Japan’s service sector activity posts first growth since December

TOKYO, May 9 (Reuters) – Japan’s service sector activity rose for the first time in four months in April as consumer confidence rebounded after the government lifted coronavirus curbs following a decline in domestic Omicron infections. The Jibun Bank Japan Services Purchasing Managers’ Index (PMI) final rose to 50.7 seasonally adjusted from the previous month’s […]

Service sector

Japan’s service sector activity posts first growth since December – PMI

TOKYO, May 9 (Reuters) – Japan’s service sector activity rose for the first time in four months in April as consumer confidence recovered after the government lifted coronavirus curbs following a drop in domestic infections in Omicron. The Jibun Bank Japan Services Purchasing Managers’ Index (PMI) final rose to 50.7 seasonally adjusted from the previous […]

Service sector

UK service sector growth slows as costs hit record high

Growth in new orders hit its lowest level since the start of the year, while UK business confidence also fell to its lowest level in a year and a half on concerns over the acute global crisis. Cost of life. Photo: Reuters/Henry Nicholls Growth in the UK services sector began to slow in April as […]

Service sector

UK service sector records strong growth in April

The UK services sector expanded at a stronger pace in April, although rising costs and the war in Ukraine combined to contain the pace of expansion, results showed on Thursday. an S&P Global survey. The Chartered Institute of Procurement & Supply’s Final Services Purchasing Managers Index came in at 58.9 in April, which was above […]

Service sector

Service sector growth slows as business confidence suffers

The report found the services sector slowed in April as business confidence declined (Johnny Green/PA) Confidence among UK service sector bosses fell to its lowest level in 18 months as rising prices slowed the sector’s recovery, new data shows. The decline in confidence is driven by rising costs of products and services in the sector […]

Service sector

India’s service sector remains firm in April; inflation weakens business confidence, CFO News, ETCFO

By: Alekh Shah Growth in India’s services sector continued to accelerate in April, with the S&P Global India Services Purchasing Managers’ Index (PMI) rising to 57.9 in April from 53.6 in March and 51.8 in february. However, with selling prices rising at the fastest rate since July 2017 and a near-record rise in input costs, […]

Service sector

India’s service sector activity hit 5-month high in April despite inflation concerns

New Delhi: India’s services sector saw some activity in April as it grew at its fastest pace in five months on strong demand, according to a Reuters report. The Purchasing Managers Index (PMI), produced by S&P Global India Services, rose to 57.9 in April from 53.6 in March, the highest since November. It also topped […]

Service sector

Service sector growth slows as business confidence suffers

Confidence among UK service sector bosses fell to its lowest level in 18 months as rising prices slowed the sector’s recovery, new data shows. The decline in confidence is driven by rising costs of products and services in the sector which includes retail, hospitality and leisure services, as well as belt-tightening customers, according to the […]

Service sector

China’s service sector contracts sharply following containment measures

China’s services sector contracted sharply in April as the introduction of stricter COVID-19 containment measures led to faster reductions in activity and new orders, the results of a survey showed on Thursday. S&P Global survey. The Caixin Services Purchasing Managers Index fell to 36.2 in April from 42.0 in March. A score below 50.0 indicates […]

Service sector

Inflation continues to drive up service sector prices

The services sector posted strong but slower growth in April, according to a new survey, but prices rose at the fastest rate on record as inflation continued to put pressure on the sector. The AIB Purchasing Managers Index posted the fastest rise in expenses in more than 20 years. It was also the second fastest […]

Service sector

Services sector boosts Eurozone growth in April as slowdown in manufacturing continues

By Maria Martinez April’s Purchasing Managers’ Index data highlighted the growing emergence of a two-speed economy in the euro zone, with faster growth in the services sector contrasting with a slowdown among manufacturers, said S&P Global. The eurozone composite PMI rose to 55.8 in April from 54.9 in March, indicating the strongest expansion in economic […]

Service sector

US service sector slows; the measurement of input prices at an all-time high – ISM survey

Customers drink and dine al fresco at ‘Martha’ restaurant in Philadelphia, Pennsylvania, U.S., August 7, 2021. REUTERS/Hannah Beier Join now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – Growth in the U.S. services industry unexpectedly slowed in April, with employment contracting for the second time this year, while a measure of […]

Service sector

CBN offers AML advice for the financial services industry

The Central Bank of Nigeria (CBN) has issued guidelines on combating money laundering and combating the financing of terrorism. This initiative aims to help the subsector identify, assess and mitigate money laundering and terrorist financing (ML/TF) risks in its operations. These risks may arise from customers, products and services, business practices or delivery methods, jurisdictions […]

Service sector

Texas service sector activity slows in April

April 26, 2022 Texas service sector activity slows in April What’s new this month For this month’s survey, additional questions were asked of Texas business executives about labor market conditions and remote work. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail Outlook […]

Service sector

Saudi Arabia leads Islamic financial services sector with $800 billion in assets

The Islamic financial services industry in Saudi Arabia holds a leading position globally, said Deputy Governor of the Saudi Central Bank (SAMA) for Research and International Affairs, Dr. Fahad Bin Abdullah Al -Dossari. The industry’s total assets in the banking sector, Sukuk sector, insurance sector and investment fund sectors stood at $800 billion, putting it […]

Service sector

Eurozone business growth unexpectedly accelerated in April, led by the services sector

Eurozone economic growth accelerated in April as the rebound in the services sector benefited from the easing of COVID-19 restrictions and helped offset the near stall in manufacturing output. The S&P Global Purchasing Managers’ Index for the eurozone services industry hit an eight-month high of 57.7 in April from 55.6 in March. But the manufacturing […]

Service sector

Drone services sector will provide one lakh jobs in 4-5 years: Scindia

The drone service sector is extremely promising and will provide around one million jobs over the next four to five years, Aviation Minister Jyotiraditya Scindia said on Friday. “We set up a productivity-related scheme for the drone sector where a nascent drone manufacturing industry – which had a total revenue of Rs […]

Service sector

Jyotiraditya Scindia: Drone service industry will provide 1 lakh jobs in 4-5 years : Jyotiraditya Scindia

The drone service sector is extremely promising and will provide around one million jobs over the next four to five years, Aviation Minister Jyotiraditya Scindia said on Friday. “We set up a productivity-related scheme for the drone sector where a nascent drone manufacturing industry – which had a total revenue of Rs 60 crore – […]

Service sector

Jyotiraditya Scindia: Drone service industry will provide 1 million jobs in 4-5 years | India Business News

NEW DELHI: The drone service sector is extremely promising and will provide around one million jobs over the next four to five years, Aviation Minister Jyotiraditya Scindia said on Friday. “We set up a productivity-related scheme for the drone sector where a nascent drone manufacturing industry – which had a total revenue of Rs 60 […]

Service sector

UK cost of living crisis hurts retail and service sector | Cost of living crisis

The UK economy is showing growing signs of strain from the soaring cost of living amid a sharp drop in retail sales and the biggest loss of momentum in service sector activity since Omicron announced hit businesses late last year. Figures showed a bigger-than-expected drop in retail sales in March was followed by a slowdown […]

Service sector

China’s central bank calls for more support for contact-intensive service sector

BEIJING (Reuters) – China’s central bank and insurance regulator have urged financial institutions to step up support for the contact-intensive service sector and small businesses hit by COVID-19 outbreaks. Financial support should also be given priority to key sectors including freight logistics and consumption, the People’s Bank of China (PBOC) said in a statement on […]

Service sector

RTA and Dubai Police launch #It_Can_Wait awareness campaign targeting delivery services industry

The campaign is part of the two entities’ joint efforts to reduce motorcycle accidents, which jumped 33% from 300 in 2020 to 400 in 2021. Major delivery companies in the emirate will be featured in the campaign to alert delivery riders to road safety standards and urge motorists to take care when riding or passing […]

Service sector

Morgan Stanley provides insight into oil services sector – sees higher margins boost inventory

Joey Ingelhart/E+ via Getty Images Morgan Stanley presented first quarter results for the oil services sector on Monday, indicating that the risk-reward has emerged balanced and that the bank’s preference is for international stories rather than well-understood North American names. The bank raised price targets across the industry, with an average increase of 29%. The […]

Service sector

Economic watch: China seeks to shield service sector companies from pandemic shock

As service-sector companies grapple with nationwide resurgences of COVID-19, China has rolled out a series of measures to keep their businesses afloat, in a bid to stabilize jobs and the economy. At the State Council executive meeting on Wednesday, the country again underscored stepping up efforts to relieve market entities hard hit by the pandemic […]

Service sector

China seeks to protect service sector enterprises from pandemic shock – Xinhua

People dine inside a restaurant in Zhengzhou, central China’s Henan Province. (Xinhua/Li Jianan) BEIJING, April 7 (Xinhua) — As companies in the service sector grapple with nationwide resurgences of COVID-19, China has rolled out a series of measures to keep their businesses afloat, aiming to stabilize employment and the economy. At the State Council executive […]

Service sector

India’s services sector: India’s services activity at 3-month high as Covid restrictions ease

Activity in India’s services sector hit a three-month high in March, helped by the easing of Covid-related restrictions, even as business confidence remained subdued on inflation fears that have been reaccelerated by the Russian-Ukrainian conflict, a private investigation revealed on Wednesday. . The S&P Global Purchasing Managers’ Index (PMI) for services rose from 51.8 in […]

Service sector

China’s service sector contracts sharply as virus containment measures tighten

China’s services sector notably contracted in March as the recent surge in COVID-19 cases and restrictions aimed at limiting the spread of the virus led to a sharp drop in activity, results of a survey showed on Wednesday. S&P Global survey. The Caixin services purchasing managers’ index fell to 42.0 in March from 50.2 in […]

Service sector

China’s service sector hit hard by Covid-19 surge

BEIJING (REUTERS) – Activity in China’s service sector contracted at the fastest pace in two years in March as a rise in coronavirus cases curtailed mobility and weighed on demand, it revealed. a private sector survey on Wednesday 6 April. The Caixin Services Purchasing Managers’ Index (PMI) dipped to 42 in March from 50.2 in […]

Service sector

Christopher Tuttle: The collapse of the US human services sector will cost lives

You have 3 free items left this month. Each year in the United States, Americans make 178 million life-threatening trips over 46,154 structurally deficient bridges. The horrendous shape of our nation’s infrastructure is what compelled the Biden administration and Congress to pass the $65 billion bipartisan infrastructure deal. The risk of injury or death was […]

Service sector

The FTSE 100 in the red despite growth in the services sector, as new car sales saw the worst March in 24 years

UK blue chip index slides into red after latest economic news as investors await developments in Ukraine UK service providers saw an unusually strong increase in business activity in March and the rate of expansion accelerated to its highest level in 10 months, S&P Global/CIPS said. The lifting of pandemic restrictions and the return to […]

Service sector

Services sector and composite PMIs offer support in EUR

The Eurozone economic calendar was busy this morning. The Member State and Eurozone services sector and composite PMIs were in focus. Member States For Spain, the services PMI fell from 56.6 to 53.4 against 55.2 expected. In Italy, service sector activity grew more slowly, with the PMI falling from 52.8 to 52.1. Economists had forecast […]

Service sector

US service sector picks up speed in March; high input prices persist – ISM survey

WASHINGTON (Reuters) – U.S. service-sector activity picked up in March, boosted by the rollback of pandemic-related restrictions, but businesses continued to face higher costs as tensions supply persisted. The Institute for Supply Management said on Tuesday its non-manufacturing activity index rebounded to 58.3 last month from a one-year low of 56.5 in February. This ended […]

Service sector

US service sector picks up speed in March; high input prices persist, survey finds

The Space Needle and Mount Rainier are seen over the skyline of Seattle, Washington, U.S. February 11, 2017. REUTERS/Chris Helgren Join now for FREE unlimited access to Reuters.com Register WASHINGTON, April 5 (Reuters) – U.S. service-sector activity picked up in March, boosted by the rollback of pandemic-related restrictions, but businesses continued to face higher costs […]

Service sector

EURUSD forecast will be based on rate projections and US services sector report

Talking Points S&P 500, EURUSD, Yield Curve, Fed, Dollar and AUDUSD The business perspective: USDJPY bearish below 121; AUDUSD Break from 0.7550 to 0.7450 Range; Crude Oil bullish above $100 Data from Russia and energy prices offer important insight into the effects of the 39-day assault on Ukraine, but monetary policy may be a more […]

Service sector

Japan’s service sector activity extends decline due to COVID-19 drag

TOKYO: Japan’s service sector activity fell for a third consecutive month in March as the coronavirus pandemic weighed on demand, while the Russian-Ukrainian war cast doubt on the outlook. The pace of contraction slowed from the previous month, however, signaling that domestic demand was helped by the easing of pandemic curbs in parts of the […]

Service sector

Japan’s service sector activity extends decline due to COVID drag – PMI

TOKYO, April 5 (Reuters) – Japan’s services-sector activity fell for a third straight month in March as the coronavirus pandemic weighed on demand, while the Russian-Ukrainian war cast doubt on the outlook. The pace of contraction slowed from the previous month, however, signaling that domestic demand was helped by the easing of pandemic curbs in […]

Service sector

Improved SITP program to further assist Singapore’s service industry to recover and optimize business processes

Beyond prioritizing recovery, companies also need to take the next step to understand new consumption patterns and embrace innovation to boost their competitiveness. Singapore is poised to make significant progress in transforming the service sector as the industry’s guiding framework has been improved, reducing project duration, providing dedicated business facilitators and easing the processing process. […]

Service sector

Texas service sector sees continued growth in March

March 29, 2022 Texas service sector sees continued growth in March What’s new this month For this month’s survey, additional questions were asked of Texas business executives about wages and prices, as well as impacts related to the Russian-Ukrainian war. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector […]

Service sector

Service sector in Guangdong to get relief

By QIU QUANLIN in Guangzhou and MA ZHENHUAN in Hangzhou | DAILY CHINA | Updated: 2022-03-29 09:34 Provincial government offers tax cuts and subsidies amid ongoing outbreaks Specific policy measures will be implemented to maintain the sustainable growth of the restaurant, retail, tourism, transportation and civil aviation sectors in Guangdong Province amid the COVID-19 pandemic. […]

Service sector

The business services sector shows how innovative Slovakia can be (industry analysis)

Bigger BSCs, layoffs, digitalization and new home office legislation are highlights of the latest Business Focus. Font size:A–|A+ Comments disabled In February 2022, The Slovak Spectator published its Business Focus on the business services sector. Here is your overview of the stories in this thematic issue: Recognition lags behind the economic power of the sector […]

Service sector

Service industry still in virus crisis: institute

By Crystal Hsu / Staff Reporter The services sector has yet to emerge from a slump amid the COVID-19 pandemic, although the rate of decline eased in the last quarter, the Commerce Research Institute (商業發展研究院) said yesterday. . The coincident cyclical composite index for the services industry continued to decline in the last quarter and […]

Service sector

Japan lowers fourth-quarter GDP due to weak service sector

Q4 GDP +4.6% annualized vs f’cast +5.6% Private consumption revised down to +2.4%, capex at +0.3% Revision reflects lower-than-expected services spending War in Ukraine raises risk of contraction in first quarter – analysts TOKYO, March 9 (Reuters) – Japan’s economic rebound was weaker than initial estimates in the final quarter of 2021, revised data showed […]

Service sector

Japan lowers fourth-quarter GDP on weak service sector – Metro US

TOKYO (Reuters) – Japan’s economic rebound was weaker than initial estimates in the final quarter of 2021, revised data showed on Wednesday, as the recovery seen in consumer and business spending was weaker than previously estimated. was originally reported. The downgraded growth is bad news for policymakers tasked with keeping the country’s fragile recovery on […]

Service sector

Texas service sector sees significant acceleration in February – Corridor News

Staff AActivity in the Texas service sector rose sharply in February, according to business executives who responded to the Texas Service Sector Outlook Survey. The earnings index, a key measure of conditions in the utilities sector, rose from 2.8 in January to 21.9 in February. Labor market indicators point to an acceleration in the pace […]

Service sector

The delivery services industry brings in 44 billion baht in 2020

BANGKOK:- The Department of Business Development (DBD) revealed that the document and parcel delivery services industry grew exponentially in 2021 compared to 2020, registering 44 billion baht in revenue in 2020 . DBD Director General Thosapone Dansuputra made the statement citing data from the department, state news agency NNT reports. He said the segment saw […]

Service sector

Covid-19 attracts more workers to low-paying jobs in Indonesia’s service sector

JAKARTA, March 6 (Jakarta Post/ANN): More and more Indonesian workers have turned to service sector jobs in recent years as factories have laid off workers amid the COVID-19-induced economic downturn. the pandemic. However, the latest data shows that these workers remain concentrated in traditional sectors with relatively low wages because the country lacks highly skilled […]

Service sector

COVID-19 attracts more workers to low-paying jobs in the service sector – Economy

Dzulfiqar Fathur Rahman (The Jakarta Post) PREMIUM Jakarta ● Sat 5 March 2022 More Indonesian workers have turned to service sector jobs in recent years as factories have laid off workers amid the pandemic-induced economic downturn. However, the latest data shows that these workers remain concentrated in traditional sectors with relatively low wages because the […]

Service sector

Marginal growth in India’s services sector in February; job losses continue

“Rising from 51.5 in January to 51.8 in February, India’s seasonally adjusted index of service business activity indicated a moderate rate of expansion slightly faster than in January. The recovery was attributed by panelists to larger bookings, better demand conditions and a receding pandemic,” the IHS Markit survey noted. “That said, the latest increase has […]

Service sector

India’s services sector PMI rises to 51.8, composite PMI to 53.5 in February

India’s service sector output fell from 51.5 in January to 51.8 in February, indicating a moderate rate of expansion, according to a report by IHS Markit. Larger bookings, better demand conditions and the receding pandemic drove this moderate expansion. Meanwhile, the composite PMI output rose to 53.5 in February from 53.0 in January, signaling a […]

Service sector

Japan’s January unemployment rate rises as COVID hits service sector

January unemployment rate 2.8% vs f’cast 2.7% Ratio Jan jobs-candidates 1.20 vs f’cast 1.16 Service sector jobs hit by Omicron outbreak Manufacturers may be hesitant to hire crisis analyst in Ukraine TOKYO, March 4 (Reuters) – Japan’s unemployment rate rose to 2.8% as soaring coronavirus infections and mobility restrictions hit service sector activity, although a […]

Service sector

US service sector slows further in February – ISM survey

WASHINGTON, March 3 (Reuters) – A measure of U.S. service industry activity fell to its lowest level in a year in February and employment contracted, suggesting a slowdown in economic growth at the end of 2021 persisted beyond the disruption of the winter surge of COVID -19 cases. The Institute for Supply Management said Thursday […]

Service sector

UK service sector growth hits highest level in 8 months as Omicron wave fades

UK services sector: The rates of expansion in business activity and new orders accelerated sharply during the month, supporting stronger job creation. Photo: Rob Pinney/Getty Images UK service sector growth rebounded to an 8-month high in February amid increased activity and new orders as the Omicron wave subsided. According to IHS Markit’s PMI of business […]

Service sector

US service sector growth unexpectedly shows continued slowdown in February

(RTTNews) – U.S. service sector activity unexpectedly grew at a slower pace in February, according to a report released Thursday by the Institute for Supply Management. The ISM said its services PMI fell to 56.5 in February from 59.9 in January. While a reading above 50 still indicates growth in the services sector, economists expected […]

Service sector

Gold Price Breaks Critical Support as US ISM Services Sector PMI Falls to 56.5%

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – According to the latest data from the Institute for Supply Management (ISM), the gold market retains strong gains, but […]

Service sector

PMI shows Russia’s services sector rose in February, no mention of Ukraine By Reuters

© Reuters. FILE PHOTO: A wellhead and drilling rig at the Yarakta oilfield, owned by Irkutsk Oil Company (INK), in Irkutsk region, Russia March 11, 2019. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Business activity in Russia’s services sector returned to growth in February as inflationary pressures eased and business confidence rose to its highest level in […]

Service sector

Costs and Prices Rise to Record Highs – Service Sector Survey

March 03, 2022 Last quarter, cost prices and average selling prices continued to grow rapidly, with strong growth expected to continue over the next three months, reaching some of the highest expectations ever for the industry as a whole, but especially for business and professional services. Although companies remain optimistic about the overall […]

Service sector

Japan’s January unemployment rate rises as COVID hits service sector | Investment News

TOKYO (Reuters) – Japan’s unemployment rate rose to 2.8% as soaring coronavirus infections and mobility restrictions hit service sector activity, although a gauge of the availability of jobs hit a 21-month high in January, government data showed on Friday. The mixed data came as companies in the world’s third-largest economy wrap up annual labor talks, […]

Service sector

PMI shows Russian service sector grew in February, not mentioning Ukraine | Investment News

(Reuters) – Business activity in Russia’s services sector returned to growth in February as inflationary pressures eased and business confidence rose to its highest level in five months, the index showed on Thursday. Markit of Purchasing Managers (PMI). The precise dates of the investigation, which made no mention of Russia’s invasion of Ukraine, were unclear. […]

Service sector

US service sector slows further in February – ISM survey | Investment News

(Corrects employment history in paragraph 6 of June 2021 from January 2021) WASHINGTON (Reuters) – A measure of U.S. service industry activity fell to its lowest level in a year in February and employment contracted, suggesting that a slowdown in economic growth at the end of 2021 persisted beyond the disruption of the winter wave […]

Service sector

Good monsoon, service sector aid growth story | Ranchi News

Ranchi: Jharkhand’s economic recovery from the downturn caused by the Covid-19 pandemic was due to a steady monsoon for two consecutive years which led to a good harvest and a fast growing service sector, which had become stagnant in the during the 2020-21 fiscal year, economists said.The Jharkhand economic survey of 2021-22 indicates that between […]

Service sector

China’s service sector growth hits 6-month low

China’s services sector grew at the slowest pace in six months in February due to a further decline in overall new business amid the ongoing pandemic and virus control measures, the results of an IHS Markit survey revealed on Thursday. The Caixin Services Purchasing Managers Index fell to 50.2 in February from 51.4 in January. […]

Service sector

PMI shows Russia’s services sector rose in February, without mentioning Ukraine – Metro US

FILE PHOTO: A wellhead and drilling rig in Russia’s Yarakta oil field (Reuters) – Business activity in Russia’s services sector returned to growth in February as inflationary pressure eased and business confidence hit a five-month high, the Markit index showed on Thursday. purchasing managers (PMI). The precise dates of the investigation, which made no mention […]

Service sector

Japan’s service sector activity contracts at fastest pace in 21 months – PMI

TOKYO, March 3 (Reuters) – Japan’s services sector activity shrank in February at the fastest pace in nearly two years, a survey showed on Thursday, as businesses were hit by consumer sentiment struggling after a record spike in infections with the Omicron variant of the coronavirus. . The contraction in activity highlights the challenge Japanese […]

Service sector

PMI shows Russia’s service sector rose in February, not mentioning Ukraine

A wellhead and drilling rig at Yarakta oilfield, owned by Irkutsk Oil Company (INK), in Irkutsk region, Russia March 11, 2019. REUTERS/Vasily Fedosenko/File Photo Join now for FREE unlimited access to Reuters.com Register March 3 (Reuters) – Business activity in Russia’s services sector returned to growth in February as inflationary pressures eased and business confidence […]

Service sector

Texas service sector sees significant acceleration in February

March 1, 2022 Texas service sector sees significant acceleration in February What’s new this month For this month’s survey, Texas business leaders answered additional questions about supply chain disruptions. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail Outlook Survey have been published […]

Service sector

Service sector boosts employment in February

We expect to see payroll employment increase by 400,000 jobs in February. Hiring in the private sector will represent approximately 375,000 of these new hires; a reopening of schools and universities that had temporarily closed or gone online during the Omicron wave should give a boost to public sector hiring. We could see a downward […]

Service sector

Dr. Shukla – FBC News

While all sectors play an important role in economic development, the service sector has a lot of potential. This was pointed out by Fiji National University College of Business and Hospitality Assistant Professor Dr. Avanish Shukla. Dr Shukla believes the pandemic has taught us valuable lessons that countries shouldn’t rely too heavily on just a […]

Service sector

Amazon, Kroger and Walmart are entering the service sector. Here’s why.

Amazon began in 2020 selling its cashierless technology to retailers so their customers could bypass … [+] checkouts in stores, just as shoppers do in Amazon Go locations. The bundled technology, called “Just Walk Out”, is now installed in Starbucks retail stores (in New York). Picture: Starbucks When the customer is your toughest competitor, getting […]

Service sector

Korea’s ICT services sector is still not competitive

Korea accounted for less than 1% of global information and communication technology (ICT) services exports in 2017. The Federation of Korean Industries analyzed OECD statistical data and announced on February 22 that South Korea accounted for 0.98% of global information and communication technology (ICT) services exports in 2017 . “Ireland took first place […]

Service sector

China introduces support measures for struggling service sector

Chinese regulators on Friday introduced measures to support the country’s service sector, a persistent lag in its pandemic recovery, as the economy faces renewed downward pressure. Led by the country’s state planner, the authorities have rolled out a series of measures, including tax breaks and additional financial support for struggling companies in the service sector. […]

Service sector

Texas began quietly offering free childcare to service workers late last year

Last October, the state of Texas quietly rolled out a crucial safety net for thousands of parents working in the service sector: free child care. Under the Service Industry Recovery Child Care program, the state pays a stipend to state-licensed child care providers for parents earning 75% or less of the Texas median income and […]

Service sector

What are the impacts of cloud computing in the financial services sector? Board 2022

This tutorial is about What are the impacts of cloud computing in the financial services industry?. We will do our best for you to understand this guide. I hope you will like this blog What are the impacts of cloud computing in the financial services sector?. If your answer is yes, please share after reading […]

Service sector

Pandemic affects service sector wages in Horry County

MYRTLE BEACH, SC (WBTW) — First-time jobless claims are trending up in South Carolina after hitting record lows in late November. The latest data from the South Carolina Department of Employment and Manpower shows that 1,578 initial claims were filed last week. 161 were filed in Horry County, accounting for 10.2% of claims and the […]

Service sector

Beijing to deepen opening-up efforts in service sector

Beijing will further deepen its efforts to open up in the service sector and make cross-border trade more convenient based on the achievements from the capital’s “two-zone” construction project, officials said on Feb. 10. The two zones are a demonstration zone for the service industry in the capital, approved by the central government in 2015, […]

Service sector

How COVID-19 negatively impacted BC’s service sector

Hiring staff at Vancouver restaurants and bars six months ago looked like an “air dogfight” for Nate Sabine. “One of my GMs [general managers] had eight interviews and hired eight people in one day,” said the business development manager of This Is Blueprint Management Ltd. “Two of them showed up […]

Service sector

Demand for Service Sector Personnel Set to Soar in Early 2022 | Business

Financial and banking companies are looking to fill many IT and sales positions (Photo: VNA) Hanoi (VNA) – In a context of gradual recovery in many sectors, the demand for human resources at the beginning of 2022 should increase sharply, particularly in certain service industries. According to Pham Thi Hoai Linhdirector of human resources of […]

Service sector

In January 2022, China’s service sector falls to a 5-month low

As Covid-19 surges and severe restrictions disrupted consumer spending, a private barometer of China’s services industry fell to its lowest level in five months earlier this year. According to Caixin Media Co. and research firm IHS Markit, the Caixin China Services Purchasing Managers Index fell to 51.4 in January from 53.1 in December. Nonetheless, the […]

Service sector

Texas economy sees mixed recovery as service sector growth slows

As Texas’ economy continues to recover amid the grueling coronavirus pandemic, there are signs that the state’s service sector still faces challenges. This is the result of a new survey from the Federal Reserve Bank of Dallas indicating that the performance of the services sector fell considerably in January. However, manufacturing activity in the state […]

Service sector

Services sector rebounds in January as Omicron curbs easing

The UK’s service sector recovery gained momentum last month as restrictions on Omicron coronaviruses and the number of cases fell, new figures show. The closely watched IHS Markit CIPS UK Services PMI survey scored 54.1 in January, rebounding from a 10-month low of 53.6 in December. Any score above 50 indicates growth in the sector. […]

Service sector

Removal of Covid curbs boosts service sector growth

Growth in the country’s services sector accelerated in January as some companies reported a recovery in business conditions and consumer confidence after nearly all Covid-19 restrictions were lifted, according to a survey released today. . The AIB IHS Markit Purchasing Managers Index (PMI) fell from 55.4 in December to 56.2 in January. The rate of […]

Service sector

US service sector slows in January; input prices remain high – ISM survey

A barista prepares coffee for a customer in Houston, Texas, U.S., March 10, 2021. REUTERS/Callaghan O’Hare Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 3 (Reuters) – A measure of U.S. service sector activity fell to an 11-month low in January as a resurgence in COVID-19 infections hurt demand in high-contact businesses […]

Service sector

Gold price remains below $1,800 following strong activity in the services sector ISM PMI

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here! (Kitco News) – The price of gold fell below $1,800 an ounce as momentum in the services sector was slightly stronger than expected […]

Service sector

Slowdown in the services sector in the United States in January; Input prices remain high – ISM survey | Investment News

WASHINGTON (Reuters) – A measure of U.S. service sector activity fell to an 11-month low in January as a resurgence in COVID-19 infections hurt demand at contact businesses. raised and kept workers at home. The Institute for Supply Management said Thursday its non-manufacturing activity index fell to 59.9 last month, the lowest level since February […]

Service sector

India’s services sector PMI slows to 51.5, composite PMI to 53 in January

India’s service sector output was recorded at 51.5 in January, down significantly from 55.5 in December. IHS Markit in its report said the overall figure indicated the slowest expansion in the current six-month growth streak. Meanwhile, the composite PMI output fell from 56.4 in December to 53.0 in January, the slowest rate of expansion in […]

Service sector

Japan’s service sector shrinks at fastest pace in 5 months – PMI

Customers eat lunch at restaurants next to a record store which has a large poster on its wall in Tokyo, Japan, July 4, 2018. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register TOKYO, Feb 3 (Reuters) – Japan’s service sector activity contracted at the fastest pace in five months in January, a […]

Service sector

Japan’s service sector shrinks at fastest pace in 5 months – PMI | Investment News

TOKYO (Reuters) – Japan’s service sector activity contracted at the fastest pace in five months in January, a sign that businesses have come under pressure from a record rise in new coronavirus infections due to the Omicron variant. The world’s third-largest economy has seen COVID-19 cases rise in recent weeks, forcing the government to roll […]

Service sector

Russian service sector activity contracts in January as overseas sales slow

MOSCOW, Feb 3 (Reuters) – Activity in Russia’s service sector contracted in January for the fourth consecutive month, hampered by a drop in overseas sales, but the decline was the slowest in During this period, the decline in customer demand has eased, a company survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) rose […]