Service sector

Texas service sector growth weakens further in September

September 27, 2022 Texas service sector growth weakens further in September What’s new this month For this month’s survey, additional questions were asked of Texas business executives about credit conditions and concerns about prospects. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail […]

Service sector

The services sector has regained its place as a growth relay in Cameroon in 2021, after the Covid-19 episode (INS)

(Business in Cameroon) – Economic activity in Cameroon grew by 3.6% in 2021, after a drop of 0.3% in 2020 when the Covid-19 hit hard. This recovery was, according to the INS statistics agency, observed in all sectors but much more in those which were particularly affected by the pandemic, in particular services, such as […]

Service sector

“This is a crucial election for the social services sector and for food security”: Ottawa Food Bank CEO

Rachael Wilson says the cost of living has become impossible for many people, and she hopes municipal candidates will learn and understand the issues faced by many food organizations and Ottawa residents. The Chief Executive Officer (CEO) of the Ottawa Food Bank believes the 2022 municipal election is key to addressing food security and support […]

Service sector

‘Revenge Travel’ Keeps Service Sector Strong | Company

Much of the US economy is weathering the highest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services managed to continue to gain traction throughout the summer, according to the latest survey from the Institute for Supply Management. The sector has been expanding since May, […]

Service sector

Service-sector shrinkflation has some benefits

Inflation continues to affect consumers’ purchasing power. To make matters worse, companies not only increase prices, but also use “shrinkflation” to reduce the amount of food or product contained in a pre-packaged unit. Whether it’s packets of toilet paper, cartons of juice or tubs of ice cream, consumers have been paying more for less for […]

Service sector

Service sector activity soars as tourists return

File photo. Photo: Activity in the services sector is at its highest level in nearly a year and a half, following the return of tourists and the easing of travel restrictions. The BNZ – BusinessNZ Performance of Services Index (PSI) rose 4.2 points to 58.6 in August from 51.2 points in July, which was also […]

Service sector

Pandemic and expanding service sector make Vishwakarma puja shine

The number of Vishwakarma idols, the engineer-architect god of the Hindu pantheon, visiting factories, jute mills and garages across the city has dwindled, as Covid-hit manufacturing industry plagued by layoffs returns to normal. As society evolves and Kolkata’s service sector grows, Ganesha slowly takes over with more and more idols of the god of intellect […]

Service sector

The services sector remains solid despite the grip of inflation | News, Sports, Jobs

FILE – Macy Norman, center, serves a table of guests at Puckett’s Grocery and Restaurant, Sept. 10, 2021, in Nashville, Tennessee. Much of the US economy is weathering the highest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to […]

Service sector

Services sector activity continued to rise in August, according to the latest data from the AIB’s PMI survey

According to data from the AIB Purchasing Managers’ Index (PMI) survey for August 2022, service sector activity in Ireland continued to increase in August, however, the rate of growth slowed for the fourth time in five months as new business inflows continued to lose momentum, and the 12-month outlook also moderated, reflecting high inflation and […]

Service sector

The services sector remains solid despite the grip of inflation

NEW YORK (AP) — Much of the U.S. economy is weathering the highest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services managed to continue to gain traction throughout the summer, according to the latest survey from the Institute for Supply Management. The sector has […]

Service sector

REITs are becoming net buyers in the financial services sector

After nine months of strong selling in banking and financial services stocks, foreign investors have become net buyers in the sector over the past two months. According to the latest NSDL data, Foreign Portfolio Investors (REITs) injected a net investment of ₹1,014 crore into the “financial services” sector in July, followed by ₹12,799 crore in […]

Service sector

Comparison of SP Global and ISM Service Sector Surveys

Two different surveys of US service sector business conditions are provided by S&P Global (formerly IHS Markit) and ISM. In this note, we examine some of the differences between the two surveys, which may help explain why the two surveys sometimes diverge to send different signals about the health of the services sector in […]

Service sector

ISM: The services sector progresses in August

The ISM services index recorded 56.9% in August; 0.2 percentage point higher than July’s reading of 56.7%. This reading represents the 27e consecutive month of growth for the service sector. Fourteen service industries recorded growth in August. “Growth continues – at a slightly faster pace – for the services sector, which has grown for all […]

Service sector

Stalled service sector is another sign of recession | City & Business | Finance

Output in the sector – which makes up the largest part of the economy and includes pubs, restaurants, banks and tourism – grew at the slowest pace in 18 months. Researchers from S&P Global and the Chartered Institute of Procurement and Supply (Cips) said cost pressures for businesses were “extremely high” – and highlighted soaring […]

Service sector

Hiring in the service sector at a 14-year high as activity rebounds

Due to favorable demand conditions and a slight easing of cost constraints, August saw higher than expected growth for India’s dominant services sector. From a four-month low of 55.5 in July, the S&P Global India Services Purchasing Managers’ Index, also known as the PMI, rose to 57.2 in August, beating forecasts of 55 .0 from […]

Service sector

Hiring in the services sector at a 14-year high as activity rebounds

Due to favorable demand conditions and a slight easing of cost constraints, August saw higher than expected growth for India’s dominant services sector. From a four-month low of 55.5 in July, the S&P Global India Services Purchasing Managers’ Index, also known as the PMI, rose to 57.2 in August, beating forecasts of 55 .0 from […]

Service sector

India’s services sector PMI improves in August

NNA | Updated: September 05, 2022 1:50 p.m. STI New Delhi [India], Sep 5 (ANI): India’s services sector activity improved in August as the S&P Global India Services Purchasing Managers Index (PMI) showed growth from the previous month. The index rose from a four-month low.In August, the services PMI was 57.2 versus 55.2 the previous […]

Service sector

China’s August service sector growth slows amid COVID-19 woes: Caixin PMI

BEIJING: A strong rebound in China’s services sector eased slightly in August amid fresh COVID-19 surges, but business confidence hit a nine-month high in rare good news for the struggling economy , a private investigation revealed on Monday (September 5). The Caixin Services Purchasing Managers’ Index (PMI) fell to 55.0 from a 15-month high of […]

Service sector

Buy this 2021-listed small-cap services sector stock for robust gains of 55%, gained 10.27% in 3 months

Stock market outlook On Friday, September 2, Nazara Technologies’ stock closed at Rs 666.50 each, down 0.62% from its previous close. The 52-week low is Rs 475.05 each and the 52-week high is Rs 1,678 each, respectively. It has a market capitalization of Rs 4,376.55 crore. Returns on investment It gave a positive return of […]

Service sector

Inflation and rising energy bills hit UK service sector hard

Rising inflation hurts all industries, according to Charlotte Dendy, head of economics at the CBI. Photo: Getty According to a CBI survey of the services sector, UK businesses reported soaring selling prices, record cost pressures and bleak prospects. The percentage of companies surveyed who said they felt cost pressures increased from 64% to 69%, although […]

Service sector

Texas service sector growth weakens in August

August 30, 2022 Texas service sector growth weakens in August 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 together. […]

Service sector

Buy this large-cap services sector multibagger stock for 20% upside potential: HDFC Securities

Stock market outlook On August 22, it opened at Rs 4,430 apiece, currently trading at Rs 4,258.70 apiece, down 4.39%. The current market price is Rs 945.7 above the 52-week low of Rs 3,313 and Rs 3,206.7 below the 52-week high of Rs 7,465.40. Returns on investment The previous week, the company’s shares returned negative […]

Service sector

NEDA: in-person courses to boost MSMEs and the service sector

Volunteer parents and teachers clean classrooms inside Aurora A. Quezon Elementary School in Manila on August 2, 2022. George Calvelo, ABS-CBN News MANILA — Socio-economic Planning Secretary Arsenio Balisacan said Friday that reopening schools for face-to-face classes would boost economic growth by boosting small and medium-sized businesses and the service sector. “Malaki ‘yan, from transport […]

Service sector

China’s service sector continues recovery amid resurgence of COVID-19 – Xinhua

Baristas prepare coffee at a cafe in Shanghai, east China, June 29, 2022. (Xinhua/Ding Ting) BEIJING, Aug. 16 (Xinhua) — China’s service sector, a key driver of its economic growth, maintained recovery momentum in July despite a resurgence of sporadic COVID-19 cases and a weak property market. The services production index rose 0.6% year-on-year last […]

Service sector

US service-sector inflation decelerating but still elevated: Kemp

Breadcrumb Links PMN Company Author of the article: Content of the article LONDON — U.S. service-sector inflation has started to ease in response to a general slowing economy and more cautious household and business spending, but is still twice as fast as the Federal Reserve target. Services prices rose at an annualized rate of 8.1% […]

Service sector

Small Turkish town boosts U.S. service sector as employees and employers

Yağlıdere, a small town of about 15,000 people nestled along a lush valley in northern Turkey, has more natives thousands of miles away than within its borders. Some 30,000 people with their roots in this Black Sea city in the province of Giresun are now part of the population of New York, New Jersey and […]

Service sector

America roundup: Dollar gains on US service sector data, Wall Street rallies, gold little changed, oil falls to nearly 6-month low after the U.S. Crude Surprise, Gasoline Build – August 4, 2022

Market overview • US Jul S&P Global Composite PMI 47.5 forecast, 47.5 previous • United States June US Factory Orders (monthly) 2.0%, 1.1% forecast, 1.6% previous • US Jul Services PMI 47.3, 52.7 forecast, 47.0 previous • US ISM non-manufacturing PMI 56.7, 53.5 forecast, 55.3 previous •US July non-manufacturing ISM prices 72.3, previous 80.1 • […]

Service sector

ISM: The services sector progressed in July

The ISM services index registered 56.7% in July, 1.4 percentage points higher than June’s reading of 55.3%. This reading represents the 26e consecutive month of growth for the service sector. Thirteen service industries recorded growth in July. Respondents to the Accommodation and Food Services survey noted that “Restaurant sales have slowed in recent weeks (due […]

Service sector

South African rand plunges as dollar gains on US services sector data

youupdates prices to reflect afternoon trade JOHANNESBURG, August 3 (Reuters) – The South African rand gave up gains on Wednesday after the dollar rallied following a surprise rally in the U.S. services sector in July, supporting the view that the U.S. economy was not in good health. recession. The Institute for Supply Management said its […]

Service sector

Gold price remains under pressure, ignores jump in US ISM services sector PMI to 56.7

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 ! Correction: A previous article cited the wrong data for July ISM Service PMI. The following article contains the correction numbers. […]

Service sector

Services sector suffers worst month since Covid forced most of the country into lockdown 17 months ago

Services sector suffers worst month since Covid forced most of the country into lockdown 17 months ago as cost of living crisis rages Survey estimates industry growth lowest since February 2021 It comes amid “increased economic uncertainty” due to inflationary pressure Report finds operating expenses and average prices are growing at high rates Businesses continue […]

Service sector

Services sector at worst point since Alpha variant lockdown, survey finds

The UK services sector has had its worst month since the Alpha variant of Covid-19 forced most of the country into lockdown 17 months ago. A new survey has estimated that industry growth is at its lowest since February 2021 as the cost of living crisis forces customers to tighten their belts. The monthly S&P […]

Service sector

Service sector contracts in Italy in July – PMI

A food delivery worker rides a bicycle near mounted police officers next to St. Peter’s Square, on the fourth day of an unprecedented lockdown across Italy imposed to slow the coronavirus outbreak, in Rome, Italy, March 13, 2020. REUTERS / Alberto Lingria Join now for FREE unlimited access to Reuters.com Register ROME, Aug 3 (Reuters) […]

Service sector

U.S. service sector activity increases unexpectedly in July

By Scott Kanowski Investing.com — U.S. non-manufacturing activity jumped in July, data from the Institute for Supply Management showed on Wednesday, amid fears that a broader inflation-driven slump in the economy only lead to a slowdown in America’s crucial service sector. The ISM Non-Manufacturing Purchasing Managers Index rose to 56.7 during the month from 55.3 […]

Service sector

Euro drops on US service sector data

ECEFrankfurt, GermanyThe euro depreciated below $1.0150 today after US data showed US services sector activity rose at a healthy pace in July and supported the strength of the note green. The euro was trading around 3pm GMT at $1.0135, down from $1.0205 at the end of trading on the European forex market the previous day. […]

Service sector

U.S. Services Sector Activity Increases Unexpectedly in July By Investing.com

By Scott Kanowski Investing.com — U.S. surges in July, Institute for Supply Management data showed on Wednesday, bucking fears that an inflation-driven meltdown in the broader economy could lead to a slowdown in the crucial service sector in the United States. The ISM Purchasing Managers’ Index reached 56.7 during the month, rising from 55.3 in […]

Service sector

Texas service sector growth held steady in July

July 26, 2022 Texas service sector growth held steady in July What’s new this month For this month’s survey, Texas business leaders answered additional questions about labor market conditions. 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

The ifs and buts of cloud services industry export growth

Despite a global increase in demand for software and data processing in the post-pandemic era, the shortage of skilled labor has seen the Ministry of Commerce set an export target of just $470 million from the sector to the United States. during the current fiscal year 2022-23, which is 13.31% higher than the previous fiscal […]

Service sector

Column: US service-sector inflation threatens commodity prices

An American flag is seen on the helmet of a worker at the factory of IceStone, a maker of recycled glass countertops and surfaces, in New York City, New York, U.S., June 3, 2021. REUTERS/Andrew Kelly/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, July 7 (Reuters) – Recent falls in commodity […]

Service sector

ISM: The services sector progressed in June

The ISM services index recorded 55.3% in June; 0.6% lower than May’s reading of 55.9%. This reading represents the 25e consecutive month of growth for the services sector; however, this is the lowest reading since May 2020 (45.2%). Eighteen non-manufacturing industries posted growth in June. Respondents to the accommodation and food services survey noted that […]

Service sector

US service sector index at 2-year low, employment contracts – ISM survey

A tractor-trailer advertising job opportunities in the trucking industry heads south on Interstate 81 near Staunton, Virginia, U.S., January 22, 2022. REUTERS/Evelyn Hockstein Join now for FREE unlimited access to Reuters.com Register WASHINGTON, July 6 (Reuters) – The U.S. services industry slowed less than expected in June, but a measure of services employment fell to […]

Service sector

Services sector activity at 11-year high in June

New Delhi: India’s services sector activity rose to its highest level since April 2011 amid continued improvement in demand conditions, although cost pressures in the services economy remained stubbornly high, according to a monthly survey released on Tuesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 58.9 in May to […]

Service sector

UK service sector growth improves in June

UK service providers reported faster business growth in June despite cost-of-living concerns and a weak economic outlook, final data from S&P Global showed on Tuesday. The S&P Global/Chartered Institute of Procurement & Supply Final Services Purchasing Managers’ Index stock recorded 54.3 in June. The flash score was 53.4, unchanged from May. The score remained above […]

Service sector

India’s service sector grows fastest in over 11 years

Bengaluru: India’s dominant services industry grew at the fastest pace in more than 11 years in June amid strong demand, but stubborn inflation remains a concern as prices charged rose at the fastest pace. fastest in nearly five years, a private investigation revealed on July 5. The S&P Global India Services Purchasing Managers Index (INPMIS=ECI) […]

Service sector

Service sector growth slows as prices remain high

Growth in the country’s service sector slowed in June as price pressures remained high. The AIB services PMI fell to 55.6 from 60.2 in May. Readings above 50 indicate an overall increase in activity. The latest reading signaled the smallest increase in activity since last December and capped a full quarter of slowing growth However, […]

Service sector

Italy’s service sector growth slows for the second month of June

ROME, July 5 (Reuters) – Growth in Italy’s services sector slowed for a second consecutive month in June amid high inflation and faltering demand, a survey showed on Tuesday. S&P Global’s Purchasing Managers’ Index (PMI) for services fell to 51.6 in June from 53.7 in May, approaching the 50 mark that separates growth from contraction […]

Service sector

Growth improves in UK services sector, but new orders slow to 16-month low

The UK services sector saw activity improve last month, although growth in new orders slowed to a 16-month low as economic uncertainty and inflation are expected to have an impact on expenses. The closely watched S&P Global/Cips UK services PMI survey scored 54.3 in June, having rebounded from a reading of 53.4 the previous month. […]

Service sector

Japan’s service sector activity grows at fastest pace in over 8 years: PMI

Japan’s service sector activity grew at the fastest pace in more than eight years in June as the easing of coronavirus curbs boosted confidence in businesses such as those in tourism. The pick-up in activity is good news for a government betting on domestic demand to put the world’s third-largest economy firmly on the road […]

Service sector

Mallorca struggle to find staff in the service sector

The main European hotel chains are hire workers with no experience or even a resume, as executives admit that years of underpaid staff have come back to bite, leaving them unable to meet post-pandemic travel demand. thousands of workers left the hospitality industry when international travel ceased during the COVID-19 pandemic. Many have chosen don’t […]

Service sector

Japan’s service sector activity grows at fastest pace in over 8 years – PMI

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks to a restaurant district in Tokyo, Japan, December 1, 2021. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register TOKYO, July 5 (Reuters) – Japan’s service sector activity grew at the fastest pace in more than eight years in June […]

Service sector

Focus on China — Yuan Companies; The service sector is growing; Q2 job confidence at lowest since 2009

RIYADH: Europe is preparing to lead the world in regulating the cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and prompting calls for greater scrutiny. The EU took a first step on Wednesday evening by agreeing on new rules subjecting cryptocurrency transfers to the same money laundering rules as […]

Service sector

Texas service sector growth strengthens in June

June 28, 2022 Texas service sector growth strengthens in June What’s new this month For this month’s survey, Texas business executives answered additional questions about wages, prices and income restrictions. 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 […]

Service sector

Shanghai lacks workers in the service sector

Since Shanghai lifted COVID-19 restrictions in early June, demand for workers in sectors such as home services, logistics and deliveries has increased. Jobs website Ganji said the number of job openings posted recently jumped 125% from the April-May shutdown. Hot jobs are in service industries such as home services, logistics and storage. At Aijun Home […]

Service sector

Finland’s service sector suffers from a long labor shortage | New

Employers say finding workers is difficult. While the service sector as a whole struggles to find workers, the restaurant sector is one of the hardest hit. Image: Matti Myller/Yle The service sector in Finland is suffering from a protracted labor shortage, with employers claiming that there are simply not enough job seekers or that their […]

Service sector

Service sector needs equal recognition as agriculture and manufacturing Abhay Sinha

Considering the resilience of the service sector during the pandemic, we must provide it with a playing field with manufacturing, incentives and support to overcome the post-pandemic scenario and the damage caused to the tourism sector due to war. Russian-Ukrainian company, said Abhay Sinha, managing director, Service Export Promotion Council, in an interview with BW […]

Service sector

Service sector development issues discussed

UZBEKISTAN, June 7 – On June 7, President of Uzbekistan Shavkat Mirziyoyev chaired a videoconference on the development of the service sector. Service is a sector of the economy that can create jobs quickly and at low cost. Therefore, consumer service centers are organized in the regions, vocational training of unemployed people is organized, funds […]

Service sector

Sentiment among Japanese economy watchers rises in May as service sector recovers

Students walk along the shore of a seaside park as a plane prepares to land at Haneda Airport in Tokyo, June 2, 2022. (AP Photo/Hiro Komae) TOKYO (Kyodo) – Business confidence among workers in jobs sensitive to economic trends rose for the third consecutive month in May, supported […]

Service sector

The services sector has received a hammer blow as the cost of living crisis deepens

Tuesday 07 June 2022 11:43 (Photo by Hollie Adams/Getty Images) Britain’s services industry was hammered last month, posting its worst performance in more than a year, as soaring inflation weighed on consumer demand. The closely watched IHS Markit/CIPS UK services PMI survey came in at 53.4 last month, after falling to 58.9 in April. Any […]

Service sector

UK service sector cools as inflation squeezes consumer demand: reaction

The widely-watched IHS Markit/Cips UK services PMI (purchasing managers’ index) survey scored 53.4 in May, after falling to 58.9 in April. Any score above 50 denotes growth. However, it was the weakest figure since February 2021 as companies pointed to “weak business and consumer confidence” due to worries about the economic outlook. Register to our […]

Service sector

Soaring inflation leads to a sharp slowdown in the UK services sector

The UK services sector posted its worst performance for over a year in May as soaring inflation weighed on consumer demand (Gareth Fuller/PA) (PA Archive) Britain’s services sector posted its worst performance in more than a year last month as soaring inflation weighed on consumer demand. The closely watched IHS Markit/CIPS UK services PMI survey […]

Service sector

UK services sector under pressure from soaring inflation

Business growth in the UK slowed sharply in May, a closely watched survey showed on Tuesday, as soaring inflation hit at home. The S&P Global CIPS UK Services Business Activity PMI fell to 53.4 last month from 58.9 in April, the weakest headline since February 2021, when the country was in lockdown. With the falls […]

Service sector

China’s service sector continues to contract in May

China’s services sector recorded another sharp contraction in May due to measures taken to contain the recent surge in COVID-19 cases, survey results from S&P Global showed on Monday. The Caixin Services Purchasing Managers’ Index rose to 41.4 in May from a 26-month low of 36.2 in April. But a score below 50.0 indicates a […]

Service sector

Japan’s service sector activity grows at fastest pace in 6 months—PMI

TOKYO — Japan’s service-sector activity grew at the fastest pace in six months in May as consumer confidence picked up further after coronavirus curbs eased, although high costs of energy and materials have pushed up input prices at a record rate. The final index at the Jibun Bank Japan Services Purchasing Managers’ Index (PMI) rose […]

Service sector

Strength in Eurozone services sector helped support robust economic growth in May: S&P Global PMI

The euro zone economy continued to grow at a solid pace in May as recently eased pandemic-related restrictions supported a sustained rise in activity levels, S&P Global said on Friday. The Eurozone Purchasing Managers Composite Index fell to a four-month low of 54.8 in May from 55.8 in April. While the headline measure was still […]

Service sector

The strength of the eurozone services sector helped support robust economic growth in May

By Maria Martinez The eurozone economy continued to grow at a strong pace in May as recently eased pandemic-related restrictions supported a sustained rise in activity levels, S&P Global said. The Eurozone Purchasing Managers Composite Index fell to a four-month low of 54.8 in May from 55.8 in April. While the headline measure was still […]

Service sector

Services sector grows in May despite “unprecedented” inflation; Services PMI hits 11-year high at 58.9

India’s services sector grew in May at the fastest pace in 11 years, driven by a substantial pick-up in new business growth amid picking up demand after the economy reopened after COVID-19 shutdowns, according to monthly survey results. The seasonally adjusted S&P Global Services PMI business activity index came in at 58.9 in May, down […]

Service sector

US service sector growth slows again in May – ISM survey

WASHINGTON (Reuters) – Growth in the U.S. service industry slowed for a second straight month in May, but businesses saw strong increases in new domestic and export orders, a survey showed on Friday. . The Institute for Supply Management said its non-manufacturing activity index fell to 55.9 last month from 57.1 in April. Economists polled […]

Service sector

U.S. service sector activity grows at slowest pace since early 2021

Numbers: A closely watched barometer of business conditions at service-oriented businesses such as banks, retailers and hospitals fell 1.2 points to 55.9 in May, the Institute for Supply Management said on Friday. This is the lowest reading since February 2021. Economists polled by The Wall Street Journal had forecast a reading of 56.7%. Numbers over […]

Service sector

Service activity hits 11-year high in May, CFO News, ETCFO

By: Alekh Shah India’s services sector grew in May at the fastest pace in 11 years, driven by a substantial pick-up in new business growth amid picking up demand after the economy reopened after the COVID-19 shutdowns, a private investigation showed. According to a report, the seasonally adjusted S&P Global India Services Purchasing Managers’ Index […]

Service sector

Growth in the French services sector weakened in May

Businessmen take advantage of the fine weather at lunchtime under the Arche de la Défense in the financial and business district west of Paris, as warm sunny weather continues in France, on 13 March 2014. REUTERS/Charles Platiau Join now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – Growth in activity in […]

Service sector

Gold price pulls away from daily lows as U.S. service sector falls short of expectations

(Kitco News) According to the latest data from the Institute of Supply Management (ISM), gold was holding at $1,860 an ounce as momentum in the services sector was slightly weaker than expected in May. The non-manufacturing purchasing managers’ index was at 55.9% last month, down from 57.1% in April. The 1.2 […]

Service sector

US service sector growth slows again in May, survey finds

A worker fills a cannoli at a bakery in the Reading Terminal Market after the inflation rate hit a 40-year high in January, in Philadelphia, Pennsylvania, U.S. February 19, 2022. REUTERS/Hannah Beier Join now for FREE unlimited access to Reuters.com Register WASHINGTON, June 3 (Reuters) – Growth in the U.S. services industry slowed for the […]

Service sector

India’s service sector grows at fastest pace in over 11 years in May

India’s service sector business improved further and grew at the fastest pace in more than 11 years in May, supported by a substantial pick-up in new business growth, even as inflation in service costs inputs hit a record high, according to a monthly survey on Friday. The seasonally adjusted S&P Global India Services PMI Business […]

Service sector

Strong demand pushes service sector growth to 11-year high in May

New Delhi: The services sector has seen the fastest growth in 11 years due to growing demand, a new survey has revealed. According to a Reuters report, the S&P Global India Services Purchasing Managers’ Index (PMI) stood at 58.9 in May. In April, it stood at 57.9. A PMI above 50 means the sector is […]

Service sector

India’s service sector grows the most since 2011

India’s services sector saw the fastest growth in more than 11 years in May, buoyed by strong demand growth following the reopening of the economy after the COVID-19 shutdowns, the results of an S&P Global survey were released on Friday. The Services PMI fell from 57.9 in April to 58.9 in May, while the index […]

Service sector

Japan’s service sector activity grows at fastest pace in 6 months – PMI

TOKYO, June 3 (Reuters) – Japan’s service sector activity grew at the fastest pace in six months in May as consumer confidence picked up further after the easing of anti-corruption measures. coronaviruses, although high energy and material costs have driven input prices up at a record rate. The final index at the Jibun Bank Japan […]

Service sector

Japan’s service sector activity grows at fastest pace in 6 months – PMI | Investment News

TOKYO (Reuters) – Japan’s services sector activity grew at the fastest pace in six months in May as consumer confidence recovered further after coronavirus curbs eased, although High energy and material costs have pushed up input prices at a record rate. The final index at the Jibun Bank Japan Services Purchasing Managers’ Index (PMI) rose […]

Service sector

Texas service sector growth weakens further in May

June 1, 2022 Texas service sector growth weakens further in May What’s new this month For this month’s survey, additional questions were asked of Texas business leaders about supply chain disruptions and costs. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail Outlook […]

Service sector

ZED Program to Amplify India’s Manufacturing Services Sector Experts

The central government’s recently launched Zero Defect Zero Effect (ZED) program will help micro, small and medium-sized enterprises (MSMEs) establish a successful track record in a globally competitive world, experts have told BW Businessworld . In April, Minister of Union for (MSME) Narayan Rane launched the Zero Defect Zero Effect (ZED) certification program to develop […]

Service sector

The economy shows resilience in May thanks to the dynamism of the services sector

Lemon_tm/iStock via Getty Images The Eurozone economy maintained encouraging resilient growth in May as a beleaguered manufacturing sector was offset by a buoyant services sector. Although factories continue to report widespread supply constraints and lower demand for goods amid elevated pricing pressures, the the economy is boosted by pent-up demand for services as pandemic-related restrictions […]

Service sector

Ease of doing business for MSMEs rises to 67, service sector faces more problems

New Delhi, May 24 (IANS) The overall Ease of Doing Business for Micro, Small and Medium Enterprises (MSME EODB) stands at 64 points out of 100, of which the EODB for Manufacturing MSMEs was higher by compared to the service sector, according to a study released on Tuesday said. The study ‘Ease of Doing Business […]

Service sector

Eurozone economy shows resilience in May on buoyant services sector as price pressures ease from April high

The Eurozone economy maintained encouraging resilient growth in May as a beleaguered manufacturing sector was offset by a buoyant services sector. Although factories continue to report widespread supply constraints and falling demand for goods amid high price pressures, the economy is being boosted by pent-up demand for services as pandemic-related restrictions are lifted. However, […]

Service sector

Eurozone growth remains robust in May thanks to boom in services sector, according to PMI indices

By Maria Martinez Eurozone economic growth remained robust in May despite headwinds associated with the war in Ukraine, supply constraints related to the Covid-19 pandemic and rising costs of living, S&P Global said. The composite euro zone purchasing managers’ index fell slightly to 54.9 in May from 55.8 in April, according to the preliminary reading. […]

Service sector

Labor shortage in the service sector: Is it finally time to change the way companies hire in the service sectors related to lifestyle, environment, property management and facilities?

The oft-repeated complaint from the service industry has become a resounding refrain, with more companies echoing the same complaint of not having enough manpower. For the industry that relies heavily on labor to provide the human touch and service, it’s not a simple problem that automation and digitization can solve. Singapore’s economic activity has begun […]

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

Macro Snapshot— Service Sector Activity in Japan Shows Growth; Chinese exports in April increase by 3.9%

RIYADH: 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 infections servants at omicron. The Jibun Bank Japan Services Purchasing Managers’ Index final rose to 50.7 seasonally adjusted from the previous month’s final of 49.4. It […]

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

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 recovered 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 […]