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

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

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

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

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

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

UK economy falters as Omicron wave hits service sector

Britain’s economy faltered in January, a closely watched survey showed on Monday, after the rapid spread of Omicron weighed heavily on the services sector. the flash IHS Markit/CIPS UK Composite Output Index fell to an 11-month low of 53.4, from December’s final reading of 53.6. Most analysts were expecting a rise, with consensus at 54.0. […]

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

Gold Price Unable to Trim Fed-Related Losses Despite U.S. Services Sector Weakening Expectations

(Kitco News) Gold was trading near daily lows as momentum in the services sector was weaker than expected in December, according to the latest data from the Institute of Supply Management (ISM). The non-manufacturing purchasing managers’ index was at 62% last month, down from November’s all-time high of 69.1%. The 7.1 percentage […]

Service sector

India’s services sector sees weak expansion in December; Services PMI falls to 3-month low

India’s seasonally adjusted index of services business activity fell to a low of 55.5 in December, according to IHS Markit, from 58.1 the previous month. India’s services sector experienced slow expansion in December, with the services PMI falling to its lowest level in three months, continuing the trend of a bumpy year, according to a […]

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

Caution is in order as the economic recovery is led by the service sector while manufacturing stagnates

The service sector is driving the continued economic recovery as manufacturers grapple with ongoing supply chain issues. The Natwest Yorkshire and Humber Business Activity Index showed continued strong growth – the strongest for five months – but those behind the analysis said it masked stagnant output. Inflation is also soaring as prices have risen at […]

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

UK service sector boosted by export sales and new business growth

Prices charged by companies in the service sector rose at a record pace during the period thanks to soaring inflation, rising fuel prices and rising wages. Photo: Stu Forster/Getty The UK saw a strong pick-up in activity in the services sector in November, boosted by a sharp rise in exports and growth in new businesses. […]

Service sector

Services sector growth slows slightly as business optimism hits year low

UK service sector growth slowed slightly in November and industry sentiment fell to a 12-month low amid staff shortages and supply chain pressure, according to new numbers. However, the statistics also showed the industry continued its recovery, with companies reporting the fastest rise in new business in the past five months. The closely watched IHS […]

Service sector

U.S. service sector growth hits new highs in November

Growth in the service sector, where most Americans work, hit a record high in November, topping a record set the previous month. The Institute for Supply Management reported Friday that its monthly survey of service industries rose 2.4 percentage points in November from October’s record high of 69.1%. Any reading above 50 indicates growth. Part […]

Service sector

US service sector growth hits new highs in November – Orange County Register

Growth in the service sector, where most Americans work, hit a record high in November, topping a record set the previous month. The Institute for Supply Management reported Friday that its monthly survey of service industries rose 2.4 percentage points in November from October’s record high of 69.1%. Any reading above 50 indicates growth. The […]

Service sector

4 mutual funds to choose from as U.S. service industry hits record high

The US economy is gradually recovering from the crisis caused by the coronavirus pandemic. Strong job additions are boosting the economy and supporting the manufacturing and service sectors. Indeed, the growth of the US service sector was higher than expected in October. According to the Institute for Supply Management (ISM) report from November 3, the […]

Service sector

U.S. service sector grows at record pace in October

The rate of expansion of the service sector in the United States, where most Americans work, hit a record high in October as demand remained strong even as supply chain issues persisted. Through MATT OTT AP Business Writer November 3, 2021, 2:55 p.m. • 2 minute read Share on FacebookShare on TwitterEmail this article SILVER […]

Service sector

US service sector employment hit record highs in October

With shipping delays worsening and cargo backing up at ports in Los Angeles County, authorities are beginning to use freight trains to alleviate the problem. U.S. service-sector jobs hit record highs in October despite ongoing supply chain issues across the country. According to Wednesday’s report from the Institute for Supply Management, service industries — which […]

Service sector

Japan’s service sector activity increases for the first time during the pandemic | Investment News

TOKYO (Reuters) – Japan’s services sector activity rose for the first time in 21 months in October as consumer confidence rebounded after the end of the coronavirus pandemic, providing a broad-based boost to Requirement. In September, the government ended state of emergency restrictions to contain the health crisis, as new cases and deaths declined rapidly […]

Service sector

The strength of the services sector contributes to global growth

Business activity accelerated in some of the world’s largest economies as a recovery in the services sector offset weakness in the manufacturing sector caused by supply chain bottlenecks and rising prices. Surveys of purchasing managers conducted over the past few weeks point to increased growth in the US, Japan and Australia as fears over the […]

Service sector

ISM says U.S. service sector activity increased in September

Dinners in a restaurant – Photo: Shutterstock Activity in the U.S. services industry edged up in September, but growth is being held back by a supply chain crisis that is driving up prices. The Institute for Supply Management (ISM) said its services activity index rose to 61.9 in September from 61.7 in August. Economists had […]

Service sector

Services sector grew fastest in August, after 18 months

India’s crucial service sectors are making a comeback in August, with business accelerating the fastest in the past 18 months. It comes after the pandemic appears to be subsiding, vaccination is ramping up and restrictions are lifted across the country, a survey reports. India’s services business activity index stood above 50 in August for the […]

Service sector

UK service sector growth is slowing due to staff shortages and supply chain disruptions

Hiring of staff has reached its highest level since the start of the survey in July 1996, as companies seek to replenish their workforces in response to rising sales. Photo: Dominic Lipinski/PA Images via Getty Images The UK services sector grew at its slowest pace since March last month, hit by staff shortages and supply […]

Service sector

Services Sector Business Activity Increases in New York Area – New York Fed Survey

A family enjoys dinner at a restaurant during the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York, New York, U.S., March 25, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Reuters.com Register July 16 (Reuters) – New York-area service-sector businesses saw a further uptick in activity in early […]

Service sector

Brazil PMIs show fastest growth in services sector since 2013 -IHS Markit

(Correct title) BRASILIA, July 5 (Reuters) – Private sector business activity in Brazil revived in June, a survey of purchasing managers showed on Monday, driven by the fastest pace of growth in the dominant services sector since more than eight years. New orders, new exports and employment in the services sector led the way, indicating […]

Service sector

PMI – The New Indian Express

Through PTI NEW DELHI: India’s service sector business slumped into contractionary territory for the first time in eight months amid further declines in new jobs due to the escalating pandemic and the reintroduction of restrictions , a monthly survey said on Thursday. India’s seasonally adjusted index of services business activity fell to 46.4 in May […]

Service sector

Economic report of construction and service sector at record high

Economic indicators for industries such as construction are showing a “record high”. Construction was the fifth fastest growing sector in the report. “Demand for residential new home construction continues to outpace supply.” Construction companies reported the highest price increases for materials and services in March among 18 service industries. “All-time high” was the buzzword at […]