Service sector

Omicron Brings UK Service Sector Growth to Lowest Level in 10 Months Amid Wave of Cancellations Business

Growth in the UK service sector fell to its lowest level in 10 months as the emergence of the Omicron variant slowed the UK recovery. December was the worst month for the UK services economy since February 2021, when the last lockdown, according to data firm IHS Markit. Service companies suffered a sharp drop in […]

Service sector

UK service sector collapses to ten-month low following Omicron impact

Service providers in the UK had a difficult December as the Covid-19 variant Omicron saw spending on face-to-face consumer services sharply lower due to business uncertainty and staff absences. As a result, commercial activity at the end of 2021 was the weakest since the start of the rebound in containment measures last spring. This is […]

Service sector

Omicron Drives UK Service Sector Growth to Lowest Level in 10 Months – business live | Business

Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business. Stock markets are collapsing today after the US central bank revealed it may raise interest rates sooner or faster than expected, to bring US inflation under control. The minutes of the Federal Reserve’s December meeting, released last night, […]

Service sector

Japan’s service sector activity growth slows in December -PMI

People sit at a restaurant using plexiglass dividers to protect customers from coronavirus disease (COVID-19) in the Shibuya area of ​​Tokyo, Japan on July 29, 2021. REUTERS / Androniki Christodoulou Register now for FREE and unlimited access to Reuters.com Register TOKYO, Jan.6 (Reuters) – Activity in the service sector in Japan grew at a slower […]

Service sector

Services Sector and Composite PMIs Offer Euro Support Despite Difficulties in Services Sector

It was another busy economic calendar for the eurozone this morning. The focus of attention was on the Member States and euro area services sector and composite PMIs. Member States For Spain, the services PMI fell from 59.8 to 55.8 against a forecast of 57.5. Activity in the service sector in Italy also grew more […]

Service sector

Public transport, schools and health services: sectoral disruptions as the country returns to work

The country continues to return to work today after another ‘Covid Christmas’. The BEC confirmed this week that around 18pc of the workforce is absent due to positive Covid tests or close contact with someone positive for Covid. We present to you our breakdown of potential disruption across different industries as the country begins to […]

Service sector

India’s service sector PMI slows to 3-month low in December

Indian service companies continued to post growth in sales and business activity in December. Expansion rates moderated but were nonetheless marked by historical norms. However, despite strong gains from new work in recent months, companies were able to bring their workloads under control and, as a result, reduce their headcount by the end of 2021. […]

Service sector

Return to CERB-level financial support needed for service sector, says Hamilton restaurant worker

Hamilton restaurant worker believes a return to the level of funding previously offered by the Canada Emergency Benefit (CEP) would greatly help food industry workers and businesses as the province grapples with a record number of COVID-19 cases linked to the Omicron variant. The ECP ended in October 2020 and was replaced by the Canada […]

Service sector

UK service sector driven by export sales and new business growth

Prices charged by firms in the service sector rose at a record rate during the period thanks to soaring inflation, rising fuel prices and wage increases. Photo: Stu Forster / Getty The UK saw a strong recovery in service sector activity in November, spurred by a sharp rise in exports and growth in new businesses. […]

Service sector

Japan’s service sector activity is growing at the fastest pace in 2 years

A couple is seen sitting at an outdoor table in a restaurant in the Ikebukuro area amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, August 2, 2021. REUTERS / Androniki Christodoulou Register now for FREE and unlimited access to Reuters.com Register TOKYO, Dec.3 (Reuters) – Japan’s service sector activity grew at the fastest pace […]