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Latest Articles in services sector

Japan's September Service Sector Activity Shrinks At Slowest Pace Since Pandemic's Start

The final Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to its highest in eight months, coming in at a seasonally adjusted 46.9 from 45.0 in the previous month.

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Credit Growth Subdued, Retail Growth Moderates To 10.6 Pc: Motilal Oswal

Credit card growth revived sequentially at 13 per cent quarter-on-quarter versus 7 per cent year-on-year growth

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China's Services Sector Sustains Recovery As Hiring Picks Up

Service firms remained optimistic about business prospects as the economy continues to recover from the COVID-19 lockdowns, although a sub-index for confidence in the year dipped from July's multi-year high.

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China's Services Sector Grows At Fastest Pace In Over A Decade In June

China's economy is gradually emerging from a sharp 6.8% contraction in the first quarter, with much of the country now reopened after disruptions early in the year due to strict lockdown measures.

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India's Services Sector Slump Stretched Into May

With economic output set to fall enormously in the first half of 2020, it is clear that the recovery to pre-COVID-19 levels of GDP is going to be very slow

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India's Services Sector Contracts In September On Weak Demand: PMI

It was the second month this year the index had fallen below the 50-mark separating growth from contraction - the last one being in June.

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Bank Credit Growth Slows To 10.24 Per Cent, Deposits At 9.73 Per Cent

In the previous fortnight to August 16, advances grew 11.64 per cent to Rs 96.82 lakh crore and deposits by 10.15 per cent to Rs 126.80 lakh crore.

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India Services Activity Reverses Course, Surges In July: PMI

The IHS Markit Services Purchasing Managers’ Index rose to a one year high of 53.8 in July, up from 49.6 in June.

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Weak Indian Demand Drags March Services Growth To Six-Month Low: PMI

The index change "was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide

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India Services Activity Accelerates In February As Demand Strengthens

That could be of concern as the services sector contributes about 35 per cent of total employment and 60 percent to the country's gross domestic product

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India's Services Activity Dips In December, But Firms Step Up Hiring

The Nikkei/IHS Markit Services Purchasing Managers’ Index declined to 53.2 in December from November’s four-month high of 53.7, but remained above the 50 mark threshold that separates growth from contraction for the seventh consecutive month

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Services Growth Slows In August On Weaker Demand, Rising Input Prices

The new reading was the lowest since May but remained above the 50-mark that separates growth from contraction for a third straight month

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India Services Activity In June Expands At Fastest Pace In A Year

The recovery in services firms' activity, along with a robust pace of manufacturing growth reported on Monday lifted the composite PMI to 53.3, its highest level since October 2016

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Indian Labour More Interested In Freelancing Work: Indeed

The leading sector in terms of job flexibility, as data from Indeed indicates, is the Service sector, with the role of Examiner offering flexible work arrangements in 75.2 percent of all job postings

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India Services Activity Rises In October On Higher Demand

Services demand has been recovering since September and the latest survey showed the new business sub-index, a proxy for both domestic and foreign demand, rose to 51.5 in October from 51.1 a month befor

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