Japan’s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID-19. | Reuters
Respondents of the survey cited some concern as new business growth slowed and outstanding business fell.
The subindex for new business grew at the slowest pace in six months with some firms saying the loss of national travel subsidies weighed on their sales. Outstanding business slipped below the 50.0 threshold for the first time since July last year partly on a fall in new contracts and economic uncertainty.
The subindex for employment fell for the first time since January as firms didn’t replace voluntary leavers, particularly those who had retired.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s July factory activity swings back to contraction – Caixin PMIChina’s factory activity swung to contraction in July, a private sector survey showed on Tuesday, with supply, demand and export orders all deteriorating as firms blamed sluggish market conditions at home and abroad. | Reuters
Read more »
Euro zone factory July activity fell at fastest pace since onset of COVID -PMIManufacturing activity across the euro zone contracted in July at the fastest pace since COVID-19 was cementing its grip on the world as demand slumped despite factories cutting their prices sharply, a survey showed. | Reuters
Read more »
Rising demand for PHL goods boosts July PMI | Cai U. OrdinarioTHE country’s manufacturing performance improved on the back of increased foreign demand for Filipino goods, among others, according to Standard & Poor’s Purchasing Managers’ Index (PMI). PMI picked up to 51.9 in July from 50.9 in June. S&P Global Market Intelligence economist Maryam Baluch said this marked a stronger improvement…
Read more »
RESULTS: July 2023 Environmental Planners Licensure ExaminationCONGRATULATIONS! 🎉 PRESS RELEASE: 115 out of 166 examinees passed the Environmental Planners Licensure Examination.
Read more »
115 pass July 2023 environmental planners licensure examA graduate of the Iloilo campus of the University of the Philippines Visayas topped the July 2023 licensure examination for environmental planners, the Professional Regulation Commission said.
Read more »
Indian factory growth eased for second month in July, but kept healthy paceGrowth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained healthy, a private business survey showed. | Reuters
Read more »