The latest data reveals that the services sector in Australia experienced a contraction in July, raising concerns about the persistence of inflationary pressures. The Judo Bank Australia Services Performance of Manufacturing Index dropped to 47.9, reaching its lowest level since December. This decline comes after the Reserve Bank of Australia's decision to keep interest rates … [Read more...] about Australian Services Sector Contracts, Inflation Remains a Concern
services sector
Eurozone Services Growth Jumps to Seven-Month High
Source: Markit Economics The services sector in the eurozone continued to climb in April, marking its best performance in seven months. EZU is down 0.25%, while VGK is down 0.53%. The S&P Global Eurozone PMI Composite Output Index stood at 55.8 in April, higher than the 54.9 in March. This is the highest since September 2021.The fastest growth was recorded in France … [Read more...] about Eurozone Services Growth Jumps to Seven-Month High
