services sector growth News

Surprising Growth: UK Economy Expands by 0.7% in Early 2025, Outpacing Expectations

The UK's GDP grew by 0.7% in Q1 2025, exceeding expectations. The services sector grew by 0.7%, production by 1.1%, while construction showed no growth. Yearly, the economy expande...

Australian Stock Market Dips as Services Sector Growth Hits Three-Month Low

Australia's stock market declined after the services sector reported its slowest growth in three months. The US dollar also weakened against the yen, while several Asian markets we...

Australian Stock Market Dips as Services Sector Growth Hits a Three-Month Low

Australia's stock market declined after reporting the slowest services sector growth in three months, with the S&P/ASX 200 dropping 0.73%. The US dollar also fell against the y...

UK Economy Faces a Slight Setback: January GDP Dips by 0.1%

The UK's GDP fell by 0.1% in January, primarily due to a decrease in the production sector. While production and construction outputs declined, the services sector saw a slight inc...

December Sees a Surge in German Business Activity Amidst Rising Price Pressures

The German services sector returned to growth in December, as reported by S&P Global and Hamburg Commercial Bank. Despite the positive trend, the sector faces ongoing challenge...