Category: services sector

French Services Growth Slowed Less Than First Forecast in July: Final PMI

August 4, 2022
Business & Marketseconomyinflationinflationary pressuresPMIrecessionservices sector
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PARIS—Growth in France’s services sector weakened by less than initially expected in July, yet inflationary pressures were likely to weigh in the near-term on the euro zone’s second-biggest economy, a monthly survey showed on Wednesday. Data compiler S&P Global Market Intelligence said its final purchasing managers index for services fell in July to 53.2 points…

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Japan’s Service Sector Activity Grows at Fastest Rate in Over 8 Years: PMI

July 6, 2022
Asia & PacificBusiness & MarketsBusinesses in COVID-19COVID-19economyPMIservices sectorWorld
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TOKYO—Japan’s services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism. The pick-up in activity is welcome news for a government betting on domestic demand to put the world’s third-largest economy firmly on a recovery track…

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Australian Services Sector Frets Over Potential Interest Rate Rise

June 6, 2022
AustraliaBusinessBusiness & Marketsservices sectorWorld
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Australia’s services sector suffered a downturn in May faced with a rising interest rate environment, which is set to be compounded by a further hike by the Reserve Bank of Australia. The Australian Industry Group performance of services index tumbled 8.6 points to 49.2 in May, dropping below the key 50-point mark which separates contraction…

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Eurozone Business Activity Shrinks in January as Lockdowns Hit Services

January 24, 2021
BusinessECBEconomiesEU economyEuropeEuropean Unioneurozonemanufacturingservice industryservices sectorWorld
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LONDON—Economic activity in the eurozone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s dominant service industry hard. With hospitality and entertainment venues forced to remain closed across much of the continent, surveys on Friday highlighted sharp contractions in the services industry but also showed manufacturing remained strong as…

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