-
S&P Global China General Services PMI: Services activity rises at fastest pace since May 2024
China’s service sector expanded at a stronger pace at the start of the third quarter, according to latest PMI® data. Services activity rose at a quicker pace due to rising inflows of new business, which were in turn supported by a fresh rise in foreign demand. Business sentiment also improved to the highest level since March. Higher workloads and rising confidence led services firms to hire additional staff in July. An expansion of workforce capacity meanwhile led to a softer accumulation of backlogged work. Turning to prices, average input costs and output charges both increased marginally. Nevertheless, this ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Economic activity in the services sector grew in July for the second consecutive month, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® indicated expansion at 50.1 percent, above the 50-percent breakeven point for the 12th time in the last 13 months. The report was issued today by Steve ...
Growth gained momentum in the US service sector during July. Business activity increased at the sharpest pace in the year-to-date amid a solid and accelerated expansion in new business. Companies responded to higher workloads by hiring additional staff, albeit only modestly. Meanwhile, tariffs continued to add to inflationary pressures, resulting in faster ...
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised. May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports. The May increase in ...
