Services

China’s new trade front with the world – services

The country is rapidly moving up the global ranks as an exporter of knowledge-intensive products

China will cultivate more “China service” brands and push production-oriented services toward specialisation and higher positions in the value chain, Xi was reported as saying.

China’s Xi urges demand-driven growth in services industry 

[BEIJING] China’s President Xi Jinping has called for a demand-driven approach coupled with reform and technological empowerment to develop the service industry, the official Xinhua news agency report...

Services sector employment contracted, with the jobs measure dropping to the lowest level since December 2023.

US service sector cools in March; price paid measure highest in 3½ years

It’s an early sign that the prolonged war with Iran was boosting inflation pressures

Consumer services such as retail and catering remain in contraction.

China services gauge slows after boost from new year holiday

[BEIJING] China’s services activity expanded at a weaker pace in March, a private survey showed, pointing to sluggish consumer demand after a lift from a long national holiday the previous month.

The S&P Global final Japan Services Purchasing Managers’ Index (PMI) edged up to 53.8 in February from 53.7 in January, marking the 11th consecutive month of expansion.

Japan’s services activity hits nearly two-year high: PMI

The broader picture for Japan’s economy was also positive

The increase in the services producer price index, which tracks the price companies charge each other for services, followed a 2.6 per cent gain in December.

Japan’s services inflation steady, signals wage-driven price pressure

The Bank of Japan has signalled its readiness to keep hiking borrowing costs if prices continue to rise

The BOJ said a weak yen has an increasing impact on Japan’s inflation not just through higher import costs but through second-round effects such as the pass-through of labour costs.

Japan’s leading indicator of service inflation hits 2.6% in December

Consumer inflation has also exceeded 2 per cent for nearly four years

The RatingDog China General Services PMI, compiled by S&P Global, edged down to 52.0 in December from 52.1 the previous month, marking the weakest reading since June.

China’s services growth hits 6-month low in December: private PMI

[BEIJING] China’s services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, a private-sector survey showed on Monday.

Prices continued to rise for labour-intensive industries such as hotel and construction work, data showed.

Japan’s leading indicator of service inflation hits 2.7% in October

Consumer inflation has also exceeded 2 per cent for over three years