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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 […]
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TOKYO, March 3 (Reuters) – Japan’s services sector activity shrank in February at the fastest pace in nearly two years, a survey showed on Thursday, as businesses were hit by consumer sentiment struggling after a record spike in infections with the Omicron variant of the coronavirus. . The contraction in activity highlights the challenge Japanese […]
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. […]
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 […]
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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 […]
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 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. […]
The problems faced by travel, leisure and hospitality businesses across the UK have worsened in the past month, according to a respected monthly survey. Growth in the services sector slowed to its lowest point since February as the Omicron variant of Covid-19 swept across the country in December. The UK broke its previous record for […]
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 […]
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People sit at a restaurant using plexiglass dividers to protect customers from the coronavirus disease (COVID-19) in the Shibuya area of Tokyo, Japan, July 29, 2021. REUTERS/Androniki Christodoulou Join now for FREE unlimited access to Reuters.com Register TOKYO, Jan 6 (Reuters) – Activity in Japan’s service sector slowed in December as growth in new and […]
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 […]
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. […]
TOKYO (Reuters) – Japan’s service sector activity grew at the fastest pace in more than two years in November on the back of a jump in new business, signaling stronger consumer confidence as the coronavirus pandemic s soothed. The world’s third-largest economy has lagged other advanced nations in its recovery from the pandemic’s hit with […]
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 […]
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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 […]
PARIS, October 22 (Reuters) – Growth in France’s dominant services sector has been offset by weakness in manufacturers, a monthly survey showed on Friday, as supply chain issues plagued businesses. IHS Markit said its October services sector flash PMI for France rose to 56.6 from 56.2 in September, beating market forecasts of 55.5. However, October’s […]
bankkgraphie/iStock via Getty Images Flash PMI data shows the UK economy picking up speed in October. However, the expansion seems increasingly dependent on the service sector, which in turn seems subject to a slowdown amid the recent increase in COVID-19 cases, and has been accompanied by an unprecedented increase in business costs, which led to […]
UK service sector businesses raised prices at a record pace last month as they battled mounting cost pressure and a slump in new orders due to shortages of supply and staff, according to news reports. figures. The closely watched IHS Markit CIPS UK Services PMI survey found new order growth weakened for the fourth month […]
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 […]
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Pedestrians wearing protective masks amid the coronavirus disease (COVID-19) outbreak walk on a street in Tokyo, Japan, February 2, 2021. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 3 (Reuters) – Japan’s service sector activity contracted at the fastest pace in more than a year in August as a […]
BERLIN (Reuters) – Activity in Germany’s services sector grew in July at the fastest pace on record, a survey showed on Wednesday, as businesses benefited from the reopening of the economy after the lifting of lockdowns. restrictions related to COVID-19. IHS Markit’s final Services Purchasing Managers’ Index (PMI) measuring activity in the sector rose to […]
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TOKYO, July 5 (Reuters) – Japan’s services sector activity shrank for the 17th straight month in June as the coronavirus dampened domestic and foreign demand, underscoring the sluggishness of the world’s third-largest economy. The decline in the services industry has kept overall private sector activity contracting for a second month, a sign that the country’s […]
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 […]
New figures suggest Britain is on track for a “breathtaking” jump in gross domestic product growth this quarter, experts say. The latest closely watched IHS Markit/CIPS Purchasing Managers’ Index showed growth in the recently reopened services sector rose at the fastest pace in 24 months in May. But, as many consumers and businesses will have […]
The whole mentality has changed. By Wolf Richter for WOLF STREET. Services represent about two-thirds of the economy. During the pandemic, discretionary services such as travel and entertainment have been hit hard, and consumer spending on services in February was still down 5.2% from a year ago. But the services sector is huge, ranging from […]