Service sector

UK service sector growth hits highest level in 8 months as Omicron wave fades

UK services sector: The rates of expansion in business activity and new orders accelerated sharply during the month, supporting stronger job creation. Photo: Rob Pinney/Getty Images UK service sector growth rebounded to an 8-month high in February amid increased activity and new orders as the Omicron wave subsided. According to IHS Markit’s PMI of business […]

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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

Services sector rebounds in January as Omicron curbs easing

The UK’s service sector recovery gained momentum last month as restrictions on Omicron coronaviruses and the number of cases fell, new figures show. The closely watched IHS Markit CIPS UK Services PMI survey scored 54.1 in January, rebounding from a 10-month low of 53.6 in December. Any score above 50 indicates growth in the sector. […]

Service sector

India’s services sector PMI slows to 51.5, composite PMI to 53 in January

India’s service sector output was recorded at 51.5 in January, down significantly from 55.5 in December. IHS Markit in its report said the overall figure indicated the slowest expansion in the current six-month growth streak. Meanwhile, the composite PMI output fell from 56.4 in December to 53.0 in January, the slowest rate of expansion in […]

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

UK economy falters as Omicron wave hits service sector

Britain’s economy faltered in January, a closely watched survey showed on Monday, after the rapid spread of Omicron took a heavy toll on the services sector. the flash IHS Markit/CIPS UK Composite Output Index fell to an 11-month low of 53.4, from December’s final reading of 53.6. Most analysts were expecting a rise, with consensus […]

Service sector

UK services sector slumps to lowest level in ten months following Omicron impact

Service providers in the UK faced a tough December as the Covid-19 Omicron variant led to a sharp drop in spending on face-to-face consumer services due to commercial uncertainty and staff absences. As a result, commercial activity at the end of 2021 was the weakest since the rebound in containment measures that began last spring. […]

Service sector

Gold Price Unable to Cut Fed-Related Losses Despite U.S. Services Sector Failing to Meet 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

India’s services sector sees weak expansion in December; Services PMI falls to 3-month low

India’s seasonally adjusted index of services business activity fell to a low of 55.5 in December, according to IHS Markit, from 58.1 the previous month. India’s services sector experienced slow expansion in December, with the services PMI falling to its lowest level in three months, continuing the trend of a bumpy year, according to a […]

Service sector

Caution is in order as the economic recovery is led by the service sector while manufacturing stagnates

The service sector is driving the continued economic recovery as manufacturers grapple with ongoing supply chain issues. The Natwest Yorkshire and Humber Business Activity Index showed continued strong growth – the strongest for five months – but those behind the analysis said it masked stagnant output. Inflation is also soaring as prices have risen at […]

Service sector

US service sector growth hits new highs in November – Orange County Register

Growth in the service sector, where most Americans work, hit a record high in November, topping a record set the previous month. The Institute for Supply Management reported Friday that its monthly survey of service industries rose 2.4 percentage points in November from October’s record high of 69.1%. Any reading above 50 indicates growth. The […]

Service sector

UK service sector boosted by export sales and new business growth

Prices charged by companies in the service sector rose at a record pace during the period thanks to soaring inflation, rising fuel prices and rising wages. Photo: Stu Forster/Getty The UK saw a strong pick-up in activity in the services sector in November, boosted by a sharp rise in exports and growth in new businesses. […]

Service sector

UK services sector continues strong rebound despite supply chain issues

UK services sector continues strong rebound despite supply chain issues causing record price rises Travel bookings and spending by foreign tourists boosted the services sector Supply chain issues increase the cost of raw materials, energy and freight Optimism about expanding business activity fell to its lowest level in a year By Harry Wise Because it’s […]

Service sector

4 mutual funds to choose from as the U.S. service sector hits an all-time high

The US economy is gradually recovering from the crisis caused by the coronavirus pandemic. Strong job creation is stimulating the economy and supporting the manufacturing and service sectors. In fact, growth in the services sector in the United States was stronger than expected in October. According to the Institute for Supply Management (ISM) November 3 […]

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

US service sector employment hit record highs in October

With shipping delays worsening and cargo backing up at ports in Los Angeles County, authorities are beginning to use freight trains to alleviate the problem. U.S. service-sector jobs hit record highs in October despite ongoing supply chain issues across the country. According to the Institute for Supply Management Wednesday report, service industries — which include […]

Service sector

U.S. service sector grows at record pace in October

The rate of expansion of the service sector in the United States, where most Americans work, hit a record high in October as demand remained strong even as supply chain issues persisted. Through MATT OTT AP Business Writer November 3, 2021, 2:55 p.m. • 2 minute read Share on FacebookShare on TwitterEmail this article SILVER […]

Service sector

Japan’s service sector activity increases for the first time during the pandemic

People walk at a railroad crossing in Shibuya shopping district amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan August 7, 2021. REUTERS/Androniki Christodoulou Join now for FREE unlimited access to Reuters.com Register TOKYO, Nov 4 (Reuters) – Japan’s services sector activity rose for the first time in 21 months in October as consumer confidence […]

Service sector

Services sector grew fastest in August, after 18 months

India’s crucial service sectors are making a comeback in August, with business accelerating the fastest in the past 18 months. It comes after the pandemic appears to be subsiding, vaccination is ramping up and restrictions are lifted across the country, a survey reports. India’s services business activity index stood above 50 in August for the […]

Service sector

Services Sector Business Activity Increases in New York Area – New York Fed Survey

A family enjoys dinner at a restaurant during the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York, New York, U.S., March 25, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Reuters.com Register July 16 (Reuters) – New York-area service-sector businesses saw a further uptick in activity in early […]

Service sector

PMI – The New Indian Express

Through PTI NEW DELHI: India’s service sector business slumped into contractionary territory for the first time in eight months amid further declines in new jobs due to the escalating pandemic and the reintroduction of restrictions , a monthly survey said on Thursday. India’s seasonally adjusted index of service business activity fell to 46.4 in May […]

Service sector

Services-sector activity jumped at record pace in May, New York Fed survey shows

A waiter fills a glass at the Mediterranean seafood restaurant Estiatorio Milos at the Hudson Yards as restaurants have resumed indoor dining at 25% capacity due to the coronavirus disease (COVID-19) in Manhattan , New York, U.S. September 30, 2020. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – […]

Service sector

COVID-19 service sector job cuts expected to hit younger workers harder

A Boston restaurateur inspects his empty establishment. (Craig F. Walker/The Boston Globe via Getty Images) COVID-19 and the coronavirus that causes it are not only a public health crisis but also a economic. With calls for social distancing, service sector jobs that depend on customer-supplier interactions or involve the gathering of large numbers of people […]