services sector News

UK Economy Shows Resilience with a 0.5% GDP Growth in February Amidst Global Uncertainties

The UK's GDP grew by 0.5% in February, with production output up by 1.5%, construction by 0.4%, and services by 0.3%. Over the three months to February, GDP increased by 0.6%, show...

UK Economy Shows Resilience with 0.5% GDP Growth in February Amidst Global Uncertainties

The UK's GDP grew by 0.5% in February, with production output leading at 1.5% increase. Quarterly data shows a 0.6% rise in real GDP, highlighting economic resilience.

UK Economy Shows Resilience: GDP Climbs 0.5% in February Amidst Growth Across Sectors

The UK's GDP grew by 0.5% in February, with production, construction, and services sectors all contributing to the growth. Over the December to February period, the economy expande...

UK Economy Shows Resilience with 0.5% GDP Growth in February Amid Global Uncertainties

The UK's GDP grew by 0.5% in February, with production output surging 1.5%. Over three months, GDP increased by 0.6%, showcasing resilience in production and services sectors.

EU Threatens to Escalate Trade War with US, Targeting Services and Tech Sector

European Commission President Ursula von der Leyen warns of the EU's readiness to expand the trade war with the US into services and technology sectors, highlighting potential reta...

UK Economic Activity Accelerates in March: A Closer Look at PMI Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating growth in both services and manufacturing sectors. The Services PMI also increased, with technology and financ...

UK Economy Shows Resilience: Composite PMI Rises to 51.5 in March, Signaling Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating economic growth, with the services sector showing significant improvement. Experts highlight technology and fi...

Germany's Economic Momentum Wanes: Services Sector Slowdown Hits Four-Month Low in March

Germany's services sector slowed in March, with the Services PMI Business Activity Index hitting a four-month low at 50.9, while the Composite PMI Output Index rose to a 10-month h...

UK Economy Shows Resilience with a Slight 0.1% GDP Growth in Q4 2024

The UK's GDP saw a 0.1% rise in Q4 2024, with the services and construction sectors growing while production declined. Year-on-year growth was 1.5%, slightly above estimates.

March Sees a Surge in US Business Activity Amid Tariff Concerns and Manufacturing Dip

The US private sector showed improved activity in March, with services reaching a three-month high, while manufacturing dipped. Tariff concerns are rising, affecting costs and infl...

March Sees Surge in US Private Sector Activity Amid Tariff Concerns

In March, the US private sector saw a rise in activity with the PMI reaching 53.5. Services hit a three-month high, while manufacturing fell to a three-month low. Tariff concerns a...

March Sees a Surge in US Business Activity Amidst Tariff Concerns and Manufacturing Dip

The US private sector saw a rise in activity in March, with the services sector hitting a three-month high, while manufacturing dipped. Concerns over tariffs and their impact on in...

March Sees Eurozone Business Activity Climb to a 7-Month Peak Amid Mixed Sector Performances

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI at 50.4. Services saw a slight decline, while manufacturing hit a 26-month peak. Experts no...

UK Private Sector Shows Signs of Growth in March Amid Manufacturing Slump

The UK's private sector showed growth in March, with the services PMI reaching a seven-month high, while manufacturing hit a 17-month low. Experts warn against seeing this as a ful...

UK Business Activity Shows Promising Growth in March, Despite Manufacturing Slump

UK's private sector activity expanded in March, with the composite PMI reaching a six-month high, thanks to a surge in the services sector. However, manufacturing PMI hit a 17-mont...

January Sees a Slight Dip in UK's GDP: A Closer Look at the Numbers

The UK's GDP saw a slight 0.1% decrease in January, mainly due to a downturn in the production sector. Despite this, the services sector experienced a modest increase, and the over...

India's Economy to Thrive: Projected 6.5% GDP Growth in 2026 Amid Global Uncertainties

India's GDP is projected to grow at 6.5% in fiscal 2026, driven by a normal monsoon, stable commodity prices, and government initiatives. Despite global uncertainties, the manufact...

February Sees a Dip in US Composite PMI: A Closer Look at Economic Slowdown Signs

The US PMI Composite Output Index fell to 51.6 in February, indicating a slowdown in both the services and manufacturing sectors. The Services PMI Business Activity Index also show...

Swiss Economic Barometer Dips in February: A Closer Look at Sectoral Impacts

Switzerland's economic activity saw a slight decline in February, with the KOF Economic Barometer dropping to 101.7 points. The manufacturing and services sectors were most affecte...

January Sees a Spike in US Job Cuts to 49,795, Tech Sector Hit Hardest

In January, the US job market saw a rise in job cuts to 49,795, with the tech sector experiencing a significant impact due to AI integration. Retail and services also faced notable...

European Markets Dip in Premarket Amid Anticipation of Earnings and Economic Data

European markets faced a downturn in Wednesday's premarket session as investors awaited key corporate earnings and economic data. Focus is on manufacturing and services sectors, wi...

Italy's Economy Shows Resilience with 0.5% GDP Growth in Q4 2024

Italy's GDP grew by 0.5% in Q4 2024, showing stability and resilience. The industrial sector's recovery partially offset declines in agriculture and services, with a mixed economic...

UK Economy Shows Signs of Recovery as Business Activity Expands in January

The UK's private sector saw a slight improvement in January, with growth rates hitting a three-month high. Despite this, concerns over future prospects and increased staff costs re...

Japan's Economy Shows Signs of Growth with Services Sector Leading in January

Japan's private sector showed a slight expansion in January, with the services sector leading growth while manufacturing faced a decline. The composite PMI indicated modest overall...

December Sees Steady Growth in Australia's Private Sector Amid Economic Optimism

Australia's private sector showed marginal growth in December with a PMI of 50.2, indicating stability. The services sector grew slightly, but employment saw a cautious reduction. ...

Small Businesses Boost Employment and Units by Over 10% in Post-Pandemic Recovery

Small businesses in India have added over one crore jobs and seen a 13% increase in units, driven by the services sector's robust recovery from the pandemic, according to a recent ...

UK's GDP Stagnates in Q3: Key Factors and Sectoral Performance

The UK's GDP remained flat in Q3 2024, revised from an initial 0.1% growth. The services sector showed no growth, while construction rose 0.7% and production fell 0.4%. Compared to...

German Private Sector Shows Signs of Recovery in December

Germany's private sector activity showed a slight improvement in December, with the services sector reaching a two-month high and the manufacturing sector facing challenges. This c...

Japan's Private Sector Shows Signs of Recovery in December

Japan's private sector showed signs of recovery in December with services sector activity expanding and manufacturing sector struggling to grow. The composite PMI rose, indicating ...

UK Economy Faces a Minor Setback: 0.1% GDP Decline in October

The UK's GDP fell by 0.1% in October, with no growth in the services sector, a 0.6% decline in production output, and a 0.4% drop in construction output. Despite this, the economy ...