CHINA

China services gauge fares better than forecast despite slip

Prices charged by businesses also rose at the fastest pace in more than three years as they passed on higher fuel costs to customers.

UK services firms report sharpest rise in costs since late 2022

Demand in the bloc’s dominant services industry weakened further last month, declining at the sharpest pace since October 2023.

Euro zone services activity slumps in April on weak demand, PMI shows

As China has moved up the value-added curve in exports of EVs, robots, drones, solar panels and wind turbines, expansion in knowledge-intensive service exports has followed.

China’s new trade front with the world – services

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 

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

Consumer services such as retail and catering remain in contraction.

China services gauge slows after boost from new year holiday

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 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