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

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

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

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

Services sector most affected due to Covid; Financial and housing rebound to pre-pandemic levels: economic survey

New Delhi: Minister of Finance of the Union Nirmala Sitharaman filed the Economic survey 2021-22 in Lok Sabha before Union budget Monday. The economic survey said the services sector has been hardest hit due to the Covid-19 pandemic, but financial, real estate and professional services have now recovered and are back to where they were […]

Service sector

Omicron Pushes UK Business Growth to Low in 11 Years | Economy

The UK economy grew at its slowest pace for nearly a year in January as hospitality, leisure and travel businesses felt the impact of the Omicron variant. The monthly flash PMI (Purchasing Managers Index) estimate of activity from IHS Markit and the Chartered Institute of Procurement and Supply reported a two-speed recovery with an easing […]

Service sector

Growth in Japan’s service sector activity slows in December

TOKYO (CNA) — Japan’s service sector activity grew at a slower pace in December as new and in-progress business growth slowed and expectations for the next 12 months bottomed out. level in four months. The world’s third-largest economy is set to rebound in the final quarter of last year after COVID-19 cases plummeted as it […]

Service sector

UK service sector growth slows to 10-month low amid Omicron

UK service sector growth hit a 10-month low in December as the Omicron Covid variant took its toll, according to a survey released on Thursday. the IHS Markit/CIPS The services purchasing managers’ index fell to 53.6 from 58.5 in November, reaching its lowest level since February. Still, it remained above the 50.0 mark that separates […]

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

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

Growth in Japan’s service sector activity slows in December – PMI | Investment News

TOKYO (Reuters) – Japan’s service sector activity grew at a slower pace in December as growth in new and in-progress business slowed and expectations for the next 12 months hit their lowest level in four months. The world’s third-largest economy is set to rebound in the final quarter of last year after COVID-19 cases plummeted […]

Service sector

Japan’s service sector activity grows at fastest pace in 2 years

TOKYO: Japan’s service sector activity grew at the fastest pace in more than two years in November on the back of a jump in new business, signaling stronger consumer confidence as the coronavirus pandemic subsided. The world’s third-largest economy has lagged other advanced nations in its recovery from the pandemic’s hit with the coronavirus dampening […]

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 […]

Service sector

Japan’s Service Sector Activity Grows at Fastest Pace in 2 Years | Investment News

TOKYO (Reuters) – Japan’s service sector activity grew at the fastest pace in more than two years in November on the back of a jump in new business, signaling stronger consumer confidence as the coronavirus pandemic s soothed. The world’s third-largest economy has lagged other advanced nations in its recovery from the pandemic’s hit with […]

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

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

Japan’s services sector activity in August contracts at fastest pace since May 2020 – PMI

Pedestrians wearing protective masks amid the coronavirus disease (COVID-19) outbreak walk on a street in Tokyo, Japan, February 2, 2021. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 3 (Reuters) – Japan’s service sector activity contracted at the fastest pace in more than a year in August as a […]

Service sector

German service sector grows at record pace after lockdown lifted | Investment News

BERLIN (Reuters) – Activity in Germany’s services sector grew in July at the fastest pace on record, a survey showed on Wednesday, as businesses benefited from the reopening of the economy after the lifting of lockdowns. restrictions related to COVID-19. IHS Markit’s final Services Purchasing Managers’ Index (PMI) measuring activity in the sector rose to […]

Service sector

Inflation and pingdemic slow UK service sector recovery | Service sector

Growth in Britain’s dominant service sector has slowed to its lowest level since March after businesses were hit last month by a triple whammy of bottlenecks, workers self-isolating and a less generous tax relief for homebuyers. The latest monthly health check for Britain’s service businesses – which make up just under 80% of the economy […]

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

Inflation in the services sector at its highest since 1996

New figures suggest Britain is on track for a “breathtaking” jump in gross domestic product growth this quarter, experts say. The latest closely watched IHS Markit/CIPS Purchasing Managers’ Index showed growth in the recently reopened services sector rose at the fastest pace in 24 months in May. But, as many consumers and businesses will have […]

Service sector

UK service sector growth hits highest level in seven years as Covid restrictions ease | Service sector

The unleashing of pent-up demand has given Britain’s services sector its fastest monthly growth in more than seven years despite some signs of a flattening in activity over the past week, two separate snapshots showed economy. In its monthly health check, IHS Markit/CIPS reported sharp increases in consumer and business spending as lockdown restrictions were […]

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 […]