UK Service Sector Expands the Slowest in 15 Months in May
(S&P Global) UK Services PMI was recorded at 53.4 in May, down from 58.9 in April, signaling the weakest expansion since February 2021. The slowdowns in the UK service sector…
Chinese Service Sector Puts a Slow Start to the Year on Covid-19 Impacts
(IHS Markit) China’s Business Activity Index showed a reading of 51.4 in January, down from 53.1 in December, as measures to slow down the rising Covid-19 cases hurt growth. Overall…
Chinese Service Activity Improves as Index Hits 53.1 in December
(Markit) Output among service providers in China increased in the last month of 2021, with the activity index reaching 53.1 from 52.1 in November. Output in the service sector has…
Eurozone Service Providers Are Less Optimistic Despite an Improved Activity in Nov.
(IHS Markit) Eurozone posted an acceleration in economic growth, with the Composite Output Index up to 55.4 in November, above 54.2 posted in October. The higher expansion in the eurozone…
The UK Service Sector Gains Traction Amid Record Inflation
(IHS Markit) Business activity in the UK increased in October, with the PMI jumping to 59.1 from 55.4 in September. The recovery pace was the strongest since July. New order…
U.S. Service Sector Expands at a Slower Pace as Work Backlogs Surge
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
China’s Service Sector Rebounds from a 14-Month Low as Index Hits 54.9 in July
(IHS Markit) China saw an uptick in service sector activity as the Business Activity Index rose from a 14-month low of 50.3 in June to 54.9 in July. The expansion…
India’s Service Sector Extends Contractions as Index Plunges to 41.2 in June
(IHS Markit) India’s service sector showed less signs of recovery from Covid-19, with the activity index falling further to 41.2 in June, from 46.4 in May. The decline in business…
Service Sector Activity Climbs by 1.3% to Hit a New Record High in May
U.S Service PMI rose by 1.3 percentage points to hit a new all-time high of 64% in May, according to the Institute for Supply Management press release. The PMI represented…