Britain’s services sector grows for second month in June running despite modest pullback

October 5th, 2009 ISM: Service sector grows in SeptemberNEW YORK — The U.S. service sector grew in September for the first time in 13 months, an encouraging sign for the fledgling economic recovery although jobs remain scarce.

September 4th, 2009 German services sector sales fall 11 pct in Q2FRANKFURT — The German services sector saw second quarter sales fall 11 percent compared with a year earlier as the economic downturn continued to hurt demand. The Wiesbaden-based Federal Statistical Office said Friday that strong declines were seen in the business services sector, which saw sales fall 13 percent, while the transport and warehousing sector saw a 12 percent drop compared to the April-June period of 2008.

August 12th, 2009 NEW DELHI - Industrial production sector has recorded a 7.8 per cent growth in June as compared to 2.7 per cent a month before. Led by a recovery in manufacturing sector, which accounts for two-thirds of the industrial production, the 7.3 per cent growth indicates a return of consumer demand in the market.

August 11th, 2009 Singapore Q2 GDP jumps revised 20.7 percentSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery.

August 5th, 2009 Britain's services sector growing fastLONDON — Britain's services sector grew at its fastest rate in nearly a year and a half during July, a closely watched survey showed Wednesday. The Chartered Institute for Purchasing and Supply said its monthly purchasing managers index for the services sector rose to 53.2 in July from 51.6 in June.

August 5th, 2009 ISM service sector index dips unexpectedly in JulyNEW YORK — Shrinking business activity, fewer new orders and lower employment sapped some modest momentum from the U.S. services sector in July, although economists said the setback likely was a blip and not the start of a troubling trend.

August 3rd, 2009 Data indicate British manufacturing grew in JulyLONDON — Figures showing the first uptick in Britain's manufacturing sector in over a year sent the pound surging to a near ten-month high against the dollar Monday. The closely-watched purchasing managers' index from the Chartered Institute of Purchasing and Supply jumped to 50.8 in July from 47.4 in June, largely as a result of a sharp pick-up in new orders.

July 30th, 2009 Euro economy confidence hits 8-month highBRUSSELS — Business and consumer confidence in the 16 nations that use the euro surged in July to the most optimistic levels since November, the EU statistics agency Eurostat said Thursday. The level of the survey — at 76 in July from 73.2 in June — is still far below the long-term average and industrial activity remains weak as factories lie idle, the agency warned.

July 24th, 2009 Euro zone surveys point to easing recessionLONDON — The 16 countries that use the euro saw activity in services and manufacturing contract far less than expected in July, a closely-watched survey showed Friday, in another sign the European economy may be stabilizing after a steep drop earlier in the year. Financial information services company Markit said its purchasing managers index — a broad gauge of business activity — for the services sector rose to 45.6 in July from June's 44.7.

July 2nd, 2009 NEW DELHI - Finance Minister Pranab Mukherjee presented the Economic Survey 2008-09 to Parliament today. The highlights of the Economic Survey 2008-09 are as follows: 1.

July 1st, 2009 CHENNAI - Automobile manufacturer Mahindra and Mahindra (M&M) Wednesday said its tractor sales jumped 52 percent last month to 18,243 units from 12,008 units sold in the like period last year. The company's domestic sales went up from 11,054 tractors in June 2008 to 17,811 last month, while exports fell from 954 units to 432, it said in a statement.

June 10th, 2009 UK manufacturing grows again in April, France lagsLONDON — A sharp increase in car production helped Britain's industrial sector grow again in April, though manufacturers in France and Sweden continued to reel from the slump in global trade, official figures showed Wednesday. Figures showed that industrial production in Britain rose by 0.3 percent between March and April.

June 1st, 2009 Britain's manufacturing recession eased in MayLONDON — The recession in Britain's manufacturing sector eased for the third month running in May, a closely-watched survey found Monday, stoking hopes that the wider economy may start to recover in the second half of the year. In its monthly survey of the sector, the Chartered Institute of Purchasing and Supply said its purchasing managers index — a broad gauge of activity — rose for the third month running to 45.4 in May from 43.1 in April.

April 22nd, 2009 Malaysia removes ethnic rule for some investmentsPUTRAJAYA, Malaysia — Malaysia's government said Wednesday it will immediately remove a 30 percent requirement for ethnic Malay ownership of investments in parts of the services sector as it tries to boost the country's flagging economy. Prime Minister Najib Razak said the move is mainly in the areas of health and social services, tourism, transport, business and computer-related services.

January 7th, 2009 BHUBANESWAR - The Orissa government will invoke the Essential Services Maintenance Act (ESMA) to tackle the ongoing strike by employees of public sector oil companies, a state official said Thursday. Those who try to obstruct free flow of petroleum products in the state will be dealt with under the act, the official from the state civil supply department told IANS.