Keywords: Services sector


US economy accelerates to strongest pace in more than four years

The U.S. economy gained momentum in August, with business activity expanding at its fastest pace in more than four years as stronger demand and improved corporate expectations supported hiring and overall economic growth. Preliminary data from S&P Global showed that the composite Purchasing Managers’......

UK economy records modest growth in May as services offset weakness in industry and construction

Britain's economy returned to modest growth in May, supported by continued expansion in the services sector despite weaker performances in manufacturing and construction, according to the latest official economic data. Figures released by the Office for National Statistics (ONS) showed that gross......

UK services sector contracts at fastest pace since 2023 as Iran conflict weighs on Economy

Britain's services sector contracted for a second consecutive month in June, with business activity falling at its fastest pace since early 2023 as the economic effects of the conflict involving Iran continued to weigh on companies. The latest S&P Global Services Purchasing Managers' Index......

France's services sector remains in contraction as June PMI misses expectations

France's services sector remained in contraction in June, with business activity declining more than initially estimated as weak demand, persistent inflationary pressures and subdued confidence continued to weigh on the country's economy. According to the latest S&P Global survey, the France......

Eurozone services sector shows signs of recovery as inflation pressures ease

The eurozone's services sector remained in contraction in June, but the pace of decline slowed significantly as inflationary pressures eased at a record rate, helping stabilize business activity across the currency bloc. According to the latest S&P Global Purchasing Managers' Index (PMI)......

Italy's services sector returns to growth in June as inflation pressures ease

Italy's services sector returned to growth in June, ending a three-month period of contraction as easing cost pressures and improving business conditions helped lift activity, according to the latest purchasing managers' survey. The S&P Global Italy Services Purchasing Managers' Index......

Germany's services sector shrinks again in June as business conditions show signs of stabilizing

Germany's services sector remained in contraction for a third consecutive month in June, although the pace of decline eased as cost pressures moderated and business activity proved more resilient than initially estimated. The latest HCOB Germany Services Purchasing Managers' Index (PMI), compiled......

Germany’s private sector contracts at fastest rate in 18 months, PMI signals weak growth

Private sector activity in Germany weakened further in June, reaching its lowest level in 18 months, as a prolonged downturn in the services sector weighed on overall business conditions, according to a new survey. The latest flash Composite Purchasing Managers’ Index (PMI), compiled by S&P......

UK economy shows early impact of Middle East conflict

The British economy experienced a slight slowdown in April, highlighting the growing influence that international geopolitical events can have on domestic economic performance. New data suggest that disruptions linked to the conflict in the Middle East have affected several sectors of the UK economy,......