service sector News

Germany's Service Sector Faces Slowdown in March, Composite PMI Hits 10-Month High

Germany's service sector slowed in March with a PMI drop to 50.9, a four-month low, while the Composite PMI rose to a 10-month high of 51.3. Input cost and output price inflation r...

Germany's Economic Pulse Slows: Service Sector Hits Four-Month Low in March

In March, Germany's service sector slowed down, with the Services PMI Business Activity Index hitting a four-month low of 50.9. Meanwhile, the Composite PMI Output Index rose to a ...

Japan's Service Sector Hits a Standstill in March, Signaling Economic Slowdown

Japan's service sector showed signs of stagnation in March, with the key index falling to 50.0, indicating a significant slowdown from the previous month's growth. The report highl...

March Sees a Surprising Leap in US Private Payrolls: ADP Reports 155,000 New Jobs

The US private sector added 155,000 jobs in March, surpassing expectations. Large and small businesses contributed significantly, with the service sector leading the growth. Wage i...

March Sees a Significant Drop in Japan's Services Sector Activity

Japan's service sector activity fell below the neutral 50 mark in March, as reported by S&P Global. The au Jibun Bank Flash Japan Services Business Activity Index and composite PMI...

Japan's Manufacturing Sector Faces Sharpest Decline in a Year, Signaling Economic Challenges

Japan's manufacturing sector faced its sharpest decline in a year in March, with the au Jibun Bank Flash Manufacturing Output Index falling to 46.5. The broader Flash Composite Out...

February Sees Continued Growth in UK Business Activity Despite Challenges

The UK's private sector continues to expand for the 16th month, with a slight dip in the PMI. The service sector saw growth but faced challenges in new business and employment. Ris...

China's Service Sector Sees Accelerated Growth in February, PMI Climbs to 51.4

China's service sector expanded faster in February with PMI climbing to 51.4, surpassing expectations and indicating growth in supply, demand, and external demand.

February Sees a Surge in Japan's Service Sector Activity: A Detailed Analysis

Japan's service sector experienced a significant boost in February, with the Jibun Bank Japan Services Business Activity Index rising to 53.7. This growth, the strongest since last...

Asia-Pacific Markets React to Mixed Economic Indicators from Australia, China, and Japan

Asia-Pacific markets experienced mixed reactions following the release of January's service sector data from Australia, China, and Japan. While Australia and Japan saw growth, Chin...

January Sees a Surge in Australia's Service Sector Activity: A 32-Month Confidence High

Australia's service sector activity expanded in January, with business confidence hitting a 32-month high. The composite PMI reached 51.1, and the services sector grew to 51.2. Emp...

US Economic Activity Slows in January: A Closer Look at PMI Declines

The US PMI Composite Output Index fell to 52.4 in January, marking a nine-month low, as reported by S&P Global. While the service sector saw a decline, manufacturing PMI improv...

Eurozone's Private Sector Sees Growth in January: A Five-Month High

The euro area's private sector returned to growth in January, with the composite PMI reaching a five-month high. The service sector saw a slight decline, whereas manufacturing indi...

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...