US EditionGerman service sector grows modestly in December despite rising costs, PMI shows
- Germany's service sector saw modest growth in December, with the Purchasing Managers' Index rising to 51.2 from 49.3 in November, indicating expansion despite price pressures.
- The HCOB Germany composite PMI remained in contraction territory at 48.0, up from 47.2 in November, reflecting weak demand and uncertainty among customers.
- Input costs in the service sector rose at the fastest rate since last February, driven by wage increases, leading to higher output prices.
- The outlook for 2025 is uncertain due to inflationary pressures and supply chain challenges, impacting business confidence and client demand.
29 Articles
29 Articles
UK service firms slash jobs at fastest rate for almost four years
Activity in the UK services sector last month was slightly weaker than economists’ predictions, according to new data. Service sector firms have cut jobs at the fastest rate for almost four years amid concerns over subdued consumer sentiment, despite a slight improvement in activity last month. The closely watched S&P Global UK services PMI survey scored 51.1 in December, up from 50.8 in November. The previous score had been its lowest reading …
German service sector grows modestly in December despite rising costs, PMI shows
BERLIN (Reuters) – Germany’s service sector experienced a slight uptick in business activity in December, bringing it back into growth territory despite increasing price pressures, a survey showed on Monday. The HCOB final services Purchasing Managers’ Index rose to 51.2 in December from 49.3 in November, coming in slightly above a preliminary reading of 51.0. Any reading above 50 indicates expansion. The growth was largely supported by prog…
A reading above 50 indicates an expansion in economic activity while a figure below 50 shows a contraction
Russia's PMI indices expand in December, but show the economy is starting to cool as war stresses take effect
Russia’s manufacturing and service sectors reported modest growth at the close of 2024 but also indicate a clear slowdown in economic activity as the stress caused by the war in Ukraine begins to take its toll.
The activity of the private sector in the euro area contracted in December for the second time in a row, according to the Hamburg Commercial Bank and S&P Global PMI index, although this decline has been ‘minimum’ and milder than in November. Read more: Eurozone: what is and why is important In particular, the Eurozone PMI has stood at 49.6 points since the previous month's 48.3. In the case of services, the upturn has reached 51.6 whole since No…
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