JCMR provides insights into the Industrial Firefighters Training Program and Services market size and market trends along with the factors and parameters affecting it in the short and long term. The study provides a 360° view and insights, outlining key industry findings. This information helps business decision makers formulate better business plans and make informed […]
Muscat: The General Authority for Special Economic Zones and Free Zones announces the reduction of business registration fees for establishments operating within the borders of the Duqm Special Economic Zone and its services by 50%, and the reduction of branch opening fee at OMR 12 instead of OMR 1,000. The General Authority of Special Economic […]
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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 […]
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 […]
New Delhi: Minister of Finance of the Union Nirmala Sitharaman filed the Economic survey 2021-22 in Lok Sabha before Union budget Monday. The economic survey said the services sector has been hardest hit due to the Covid-19 pandemic, but financial, real estate and professional services have now recovered and are back to where they were […]
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. […]
(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 […]
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 […]
It was another busy economic calendar for the Eurozone this morning. The Member State and Eurozone services sector and composite PMIs were in focus. Member States For Spain, the services PMI fell from 59.8 to 55.8 vs. 57.5 forecast. Service sector activity in Italy also saw a slowdown in growth, with the PMI index falling […]
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 […]
Scott Abbott launched Five Star Painting in 2004, when he was 18, and sold it to Neighborly in 2015, when it became the eighth brand under the home services franchiser’s umbrella. Today, Neighborly is owned by mega private equity firm KKR and has 29 home service brands and more than 4,800 franchises in nine countries. […]
TOKYO: Japan’s service sector sentiment improved to a two-year high, but manufacturers’ recovery has stalled, according to a closely watched central bank survey – a sign that rising material costs raw weighed on the recovery of the economy after the pandemic. Major companies expect conditions to deteriorate going forward as high fuel prices and a […]
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. […]
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 […]
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 […]
KATHMANDU, December 3: About half of Nepal’s service sector transactions take place in Bagmati province, where the country’s federal capital, Kathmandu, is located. According to a Nepal Rastra Bank (NRB) study report, Bagmati Province contributed 46.7% of the service sector revenue to the country’s GDP (measured at current prices) in 2020/21. The rise in services […]
Optimism has improved for businesses in the services sector in the three months to November, according to the latest CBI services sector survey. However, cost growth in both subsectors continued to accelerate, advancing at the fastest rate since surveys began in 1998. . For business services firms and professional services firms, sentiment about business conditions […]
Consumer services and business and professional services have seen their costs rise at the fastest rate in the history of the survey, which began in 1998. Photo: Mark Case/Getty Images Optimism continued to improve in the UK services sector in the three months to November, despite costs growing at the fastest pace since records began. […]
Band Kantaro Komiya TOKYO, November 9 (Reuters) – Japan’s services sector confidence index in October hit its highest level in nearly eight years after state of emergency restrictions were eased last month and new cases of COVID-19 have slipped. The economy watchers’ index rose 13.4 points to 55.5 in October, the highest level since January […]
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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 […]
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 […]
WASHINGTON (Reuters) – A measure of U.S. service industry activity hit a record high in October, likely as falling COVID-19 cases boosted demand, but businesses remained burdened by tight supply chains and the resulting exorbitant prices. The Institute for Supply Management said Wednesday that its non-manufacturing activity index reached 66.7 last month. It was the […]
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 […]
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 […]
October 14, 2021 10:47 am 1 minute read Brazil’s services sector grew 0.5% between July and August this year, in what was the fifth consecutive positive result according to authorities Data. During this five-month period, growth reached 6.5%, pushing the sector 4.6% above pre-pandemic levels and to its highest level since November 2015. The figures […]
Getty Images Getty Images Key points to remember: Stocks live up to their roller coaster reputation Is the service sector ready to take off? Transportation stocks struggle to get back on the road Wall Street appears to be living up to its reputation as a rollercoaster as stock futures point to a weaker open after […]
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 […]
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The service sector is back, according to Canadian gross domestic product statistics last week.Graham Hughes/The Canadian Press Last week’s Canadian gross domestic product statistics, lackluster as they are, do not signal a recovery on the rocks. Growth doesn’t stand still, it evolves – in a very important and encouraging way. The service sector is back. […]
The latest insights from the CBI Economics Industry Trends Survey. Sep 06, 2021, 3 min read Services sector split on outlook Optimism among companies in the services sector was mixed in the three months to August, according to the CBI’s latest quarterly services sector survey. While sentiment about the general business situation continued to improve […]
world oil The U.S. energy technology and services sector added about 6,082 jobs in July, a fifth consecutive month of growth, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis from the Energy Workforce & Technology Council (Council). . Source: Houston Chronicle The 1.0% growth comes after the sector added more […]
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 […]
Without a fuss, the UK financial services sector has returned to pre-pandemic levels and even added two percentage points of growth since February 2020, official figures showed last week. Banks and insurance companies may have reduced their workforces, but customers continued to borrow and save, making the sector one of the few to have exceeded […]
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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 […]
As the COVID-19 pandemic crippled global economies last year, a collapsing oil industry shed jobs. At its peak, the Energy Workforce & Technology Council estimates that the energy technology and services sector lost nearly 102,000 jobs. Reopening economies, rising demand for oil, and oil prices above $60 have helped restore some of those jobs. The […]
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 […]
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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) – […]
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 […]
The oil services sector has lost more than 103,400 jobs nationwide during the coronavirus pandemic, dragging services employment to the lowest level since the last oil crisis of 2014-16. Oil service companies shed just 2,600 jobs in August, a sign that job losses in the sector are slowing since the worst of the crude demand […]