Japan’s services sector declined again in March. This was shown on Monday by figures from Markit Economics.
The Purchasing Managers Index for the services sector increased from 46.3 to 48.3 this time. The index has been at its highest level since January 2020.
It was announced last week that Japanese industry was growing at a faster pace in March. This Purchasing Managers Index rose from 51.4 to 52.7.
An index position greater than 50 indicates growth, while less than 50 means contraction.
The Chinese central bank pumped another 100 billion yuan into China’s banking system on Monday. It has been reported by the state Xinhua media. The interest rate on the 14-day reverse repos is 2.35 percent, according to the People’s Bank of China. There are serious concerns about the Chinese financial system due to the impending demise of property developer Evergrande, which is...
The Japanese service sector shrank in August. This was revealed on Friday by final figures from Markit. The index measuring the activity of the country’s services sector reached 42.9 in August, compared with 47.4 in July. This is the sharpest decrease since May 2020. Earlier this week, the Purchasing Managers Index for Japanese industry also decreased in August, from 53.0 in July to 52.7...
Employment in the US business sector continued to grow less than expected in August. New figures from payslip processor ADP indicate that many companies continue to have difficulties in finding staff as the economy picks up again and the demand for additional employees increases. According to ADP, only 374,000 new jobs were created in business in the United States last month. Economists expected...
Winners of the prestigious “Industry Prize” and the “Aryeh Shenkar z”l Life Achievements in Industry Prize” come from a wide variety of backgrounds. Winners of the prestigious “Industry Prize” and the “Aryeh Shenkar z”l Life Achievements in Industry Prize” have been announced. Out of nine recipients, four are women and three are from...