service sector News

December Sees a Surprising Dip: US Private Payrolls Increase by Only 122K

In December, the US private sector added 122,000 jobs, falling short of expectations and below November's figures. The healthcare sector was a standout performer, contributing sign...

Vietnam's Economy Shines with a 7.09% GDP Growth in 2024, Marking a Remarkable Recovery

Vietnam's GDP grew by 7.09% in 2024, marking a significant recovery and positioning the country as a regional economic bright spot. The service sector led the growth, contributing ...

December Sees a Boost in France's Composite PMI: A Glimmer of Economic Recovery?

France's PMI Composite Output Index improved in December, indicating a slight recovery in business activity. However, the service sector remains in contraction, with challenges in ...

December Sees Slight Uptick in Eurozone Composite PMI, Signaling Economic Resilience

The Eurozone's economic activity showed slight improvement in December with the Composite PMI at 49.6, despite slowing service sector growth and a contracting manufacturing sector,...

Italy's Service Sector Shows Signs of Recovery in December, But Challenges Remain

Italy's service sector saw a slight recovery in December 2024, with the HCOB Italy Services PMI rising to 50.7. However, challenges such as fragile demand conditions and reduced ex...

Spain's Service Sector Surges in December: A Sign of Economic Revival?

Spain's service sector showed remarkable growth in December, with the HCOB Spain Services PMI Business Activity Index rising to 57.3. Strong underlying demand and the effects of th...

China's Service Sector Shows Robust Growth in December, Surpassing Expectations

China's service sector expanded in December, with the Caixin China General Services Business Activity Index reaching 52.2, surpassing expectations. However, overseas demand decline...

Japan's Private Sector Sees Growth in December, Marking a Positive Shift in Business Activity

Japan's private sector showed growth in December with an increase in the composite PMI to 50.5 and services PMI to 50.9. The rise in service sector growth and a softer fall in manu...

Japan's Manufacturing Struggles Continue: Sixth Straight Month of Decline

Japan's manufacturing sector experiences a sixth month of decline, while the service sector shows resilience. The economy's reliance on services grows as manufacturing struggles wi...

German Companies Eye Expansion in Tamil Nadu: A Promising Partnership

German Consul-General in Chennai discusses the appeal of Tamil Nadu to German investors, current operations, and future plans for expansion in various sectors, including potential ...

Thai Economy Shows Resilience: Q3 GDP Growth Exceeds Expectations

Thailand's GDP grew 3.0% in Q3, surpassing forecasts and driven by the service sector. Despite risks from U.S. policies, the economy shows resilience with quarterly growth at an 18...

Japan's Service Sector Sees Growth in November: S&P Global Report

Japan's service sector improved in November, with the main figure rising to 50.5, according to a preliminary report released by S&P Global. The seasonally adjusted figure showed th...