contraction News

German Services Sector Contracts in April Amid Economic Uncertainty, Marking a 14-Month Low

The German services sector contracted in April, with the PMI falling to a 14-month low of 49.0, amid weaker demand and economic uncertainties, while the Composite PMI barely avoide...

German Services Sector Contracts in April Amid Economic Uncertainty, PMI Hits 14-Month Low

Germany's services sector contracted in April, with the PMI dropping to a 14-month low of 49.0, below the growth threshold. The Composite PMI slightly grew to 50.1, supported by ma...

January Sees UK Construction Sector Entering Contraction Zone Amid Economic Uncertainties

The UK construction sector entered contraction in January 2024, with the PMI dropping to 48.1 due to declines in residential work and civil engineering, amidst economic uncertainti...

China's Manufacturing Sector Contracts in January: NBS Reports PMI at 49.1

China's manufacturing PMI fell below the neutral mark to 49.1 in January, indicating a contraction in the sector. The non-manufacturing and composite PMI also declined, reflecting ...