service industry

US service sector expands at a slower pace, hiring picks up

Butler service at Raffles emphasises personalisation, wellness and the curation of meaningful, memorable experiences.
THE ART OF HOSPITALITY

The art of the butler at Raffles Hotel Singapore

A measure of new orders received by services businesses dipped to 52.2 last month from 54.4 in March, the lowest reading since last September.

US service sector contracts in April; price pressures up

A diffusion index measuring how taxi drivers, restaurants and other service-sector workers saw economic conditions fall to 49.8 in March, down 1.5 point from February.

Japan's service-sector mood slumps, clouds BOJ rate hike path

A measure of new orders received by service sector businesses slipped to 54.4 last month from 56.1 in February.

US service sector expands moderately in March; price pressures easing

The final S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) rose to 53.4 in December, its highest since June and up from 50.9 in November.

UK service firms end 2023 on a high, says PMI survey

The outlook for consumption is especially important, as it has been the main contributor to demand growth in the economy this year.

China’s consumption recovery losing momentum

The composite PMI index, which comprises services and manufacturing, fell sharply to a five-month low of 50.6 in June, from 53.9 in May.

German services sector loses some shine as growth slows

The overall rate of expansion rose to the highest level in 10 months, according to business surveys by S&P Global.

Eurozone economy strengthens further on service-sector surge

Employees in a good mood expect good things to happen to them. This is disconfirmed when employees encounter mistreatment from customers. In contrast, when employees are in a neutral state, they are able to take the mistreatment more in their stride and react less intensely compared to their happy counterparts.
WORKING LIFE

When being a happy worker may be counter-productive