ISM Services PMI Expanded For Eighth Consecutive Month In February Despite Anxieties
The Institute for Supply Management released its February Services PMI, with headline composite index at 53.5 (above the 52.5 forecast). This marks the eighth consecutive month of expansion.
Canada's services PMI falls to 5-month low on tariff concerns
The downturn in Canada's services economy deepened in February as firms avoided committing to new business in anticipation of a trade war, S&P Global's Canada services PMI data showed on Wednesday.
French Services Sector Contracts Sharply in February, PMI Shows
PARIS (Reuters) - France's services sector experienced its steepest contraction in business activity since October 2023 in February, as demand weakened sharply and employment fell at the fastest rate since August 2020, a business survey showed on Wednesday.
Robust Demand Propels India's Services Sector Growth in February, PMI Shows
Inflation in India has mostly remained within the Reserve Bank of India's (RBI) target range of 2-6%, prompting the central bank to cut its key repo rate in February. The RBI lowered the interest rate to 6.25% from 6.50% and is expected to ease further to boost the economy.
China's services activity grows modestly in February, Caixin PMI shows
China's services activity slightly expanded in February, driven by a faster rebound in demand, including export orders, a private sector survey showed on Wednesday, though an escalating U.S.-Sino tariff war has cast uncertainty over the outlook.
Manufacturing PMI at 50.3%, wood sector grows as furniture contracts
Economic activity in the manufacturing sector expanded for the second month in a row in February after 26 consecutive months of contraction, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Cyprus sees strong growth in services sector turnover in 2024
The turnover of most economic sectors in Cyprus recorded an increase in 2024, reflecting the country’s broader economic growth, which has been driven by key industries such as tourism and technology.According to the Cyprus Statistical Service,
US services sector expands; price growth accelerates amid tariffs
U.S. services sector growth unexpectedly picked up in February and prices for inputs increased, which combined with a recent surge in the cost of raw materials at factories suggested that inflation could heat up in the months ahead.
Canada's service sector deteriorates in February amid tariffs concerns
The headline figure derived from the survey is the S&P Global Canada Services Business Activity Index, which dropped to 46.6 from 49.0 in January. S&P Global Canada Composite PMI Output Index to 46.8,
Japan’s Service Sector Growth Hits Six-Month High in February
Japans service sector expanded at its fastest pace in six months in February, driven by strong sales and surging export demand, particularly from Taiwan and Vietnam, according to an SP Global Market Intelligence
Spain's service sector growth accelerates in February, PMI shows
Spain's service sector experienced a robust acceleration in growth in February, driven by strong increases in business activity and new orders, S&P Global reported on Wednesday.
UK construction PMI falls to lowest since 2020 as house-building plummets
Britain's construction sector contracted sharply in February, with residential house-building declining at one the fastest ...
PMI Survey Shows Factories Hit by ‘First Operational Shock’ of New Tariff Policy
A nascent expansion in U.S. manufacturing has slowed, as the threat of new tariffs has fed into rising prices, a closely ...
As Trump tanks Bitcoin, PMI offers a roadmap of what comes next
Rising global liquidity conditions and a trend change in the manufacturing PMI have historically favored strong Bitcoin price ...
Canada's Ivey PMI rises to seven-month high in February
Canadian economic activity expanded at the fastest pace in seven months in February as employment rose and prices heated up, ...
February PMI Report: Economic Expansion Continues Despite Manufacturing Contraction
Manufacturing ISM Report on Business is out and with it comes a Manufacturing PMI of 50.3%, showing an ongoing expansion of ...
S&P Global U.S. Manufacturing PMI: Highest Level Since June 2022
The manufacturing sector started the new year with renewed expansion, as the S&P Global US Manufacturing PMI rose to 51.2 in ...
Euro zone economy treads water again in February, PMI shows
The euro zone economy trod water again last month as a weak expansion in the bloc's dominant services industry was ...