PARIS—Growth in France’s services sector weakened by less than initially expected in July, yet inflationary pressures were likely to weigh in the near-term on the euro zone’s second-biggest economy, a monthly survey showed on Wednesday. Data compiler S&P Global Market Intelligence said its final purchasing managers index for services fell in July to 53.2 points…
French Services Growth Slowed Less Than First Forecast in July: Final PMI
Japan’s Service Sector Activity Grows at Fastest Rate in Over 8 Years: PMI
TOKYO—Japan’s services sector activity expanded at the fastest pace in over eight years in June as the easing of coronavirus curbs boosted sentiment among businesses such as those in tourism. The pick-up in activity is welcome news for a government betting on domestic demand to put the world’s third-largest economy firmly on a recovery track…
Australian Services Sector Frets Over Potential Interest Rate Rise
Australia’s services sector suffered a downturn in May faced with a rising interest rate environment, which is set to be compounded by a further hike by the Reserve Bank of Australia. The Australian Industry Group performance of services index tumbled 8.6 points to 49.2 in May, dropping below the key 50-point mark which separates contraction…
Eurozone Business Activity Shrinks in January as Lockdowns Hit Services
January 24, 2021
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LONDON—Economic activity in the eurozone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s dominant service industry hard. With hospitality and entertainment venues forced to remain closed across much of the continent, surveys on Friday highlighted sharp contractions in the services industry but also showed manufacturing remained strong as…
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