Survey finds Britain’s services sector growing fast

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 18th, 2009 NEW DELHI - Hiring activity picked up in five metros, including Delhi and Mumbai, in July with employers from pharma, auto and IT sectors leading the recruitment drive, according to a survey. A three-month moving hiring average for sectors like real estate, semiconductors, banking, auto and IT showed that recruitment was up in these industries as compared to previous quarters, the hiring scenario survey by leading recruitment portal naukri.com said.

July 3rd, 2009 Britain's services sector grows for second monthLONDON — Activity in Britain's services sector rose for the second month running in June despite a modest slowdown in activity, a closely-watched survey showed Friday. In its monthly asessment of the sector, the Chartered Institute for Purchasing and Supply said its purchasing managers' index — a broad gauge of business activity — for the sector in June dipped slightly to 51.6 from May's 51.7.

July 2nd, 2009 NEW DELHI - The Economic Survey 2008-09 tabled in parliament Thursday has sought to end the controversy surrounding allocation of radio frequency by advocating an open and transparent auction process. "Spectrum should be auctioned and be freely tradeable among companies having a telecom licence, the survey said.

July 2nd, 2009 NEW DELHI - The Economic Survey tabled in parliament Thursday has sought the integration of diamond processing sector with jewellery manufacturing so as to boost exports. "Forward integration of the diamond processing sector to jewellery manufacturing, where the value addition achieved is the highest, will help in boosting the export performance once the existing economic downturn passes by, the survey said.

July 2nd, 2009 NEW DELHI - After the high growth cycle that followed the economic reforms of 1990s, India should now bring in sweeping changes in its investment climate for the next stage of growth, the Economic Survey for 2008-09 released here Thursday said. "The reforms of the 1990s created a competitive environment in which Indian entrepreneurship could flourish.

July 2nd, 2009 NEW DELHI - There should be a single regulatory body for the transport sector including highways, railways, ports and airports to ensure better cohesion, the Economic Survey for 2008-09 tabled Thursday has suggested. According to the survey, there should be at least one member from each of these sub-sectors and the authority could have specialized groups of professionals in each sector.

June 30th, 2009 NEW DELHI - The banking sector, which hired 16,200 people in the first quarter this fiscal, remained the biggest job provider in the country during the period, an industry lobby survey said. The country's largest lender, State Bank of India, alone created 13,000 jobs, while Danalakshmi Bank and Andhra Bank recruited 1,300 and 900 people respectively, the survey by the Associated Chambers of Commerce and Industry (Assocham) said.

June 10th, 2009 Survey names Wendy's the top fast-food chainCOLUMBUS, Ohio — The chain that claims it's "way better than fast food" did better than its competitors in a new survey. Wendy's has been named the top fast-food chain by restaurant guide publisher Zagat.

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 30th, 2009 NEW DELHI - Most Indian companies have decided not to resort to any more job cuts even as they have put a cap on fresh hiring and staff incentives with a curb on outstation travel for executives, says a survey released Thursday. More than 75 percent of the respondents in the survey by PricewaterhouseCoopers (PwC) said they were reviewing their recruitment strategy to manage costs.

April 12th, 2009 NEW DELHI - Employment generation in India fell 49 percent during January-March this year, largely due to a slow growth of services industries like IT and banking, according to an industry lobby survey. 'The Assocham placement parameter (APP) Index (the body's index for measuring employment generation) has shown a steep fall of 49 percent and has came down to 509.72 from the base value of 1,000,' the Associated Chambers of Commerce and Industry (Assocham) said in a statement.

February 21st, 2009 BANGALORE - The services sector in IT-savvy Karnataka has weathered the onslaught of global meltdown and slowdown in the country to stem the impact of negative growth in industrial and agriculture sectors, the state's economic survey for the 2008-09 financial year said. 'The services sector continues to dominate the state's economy and is projected to grow by 9.2 percent year-on-year (YoY) this fiscal though less by 1.5 percent from 10.7 percent last fiscal (2007-08),' the survey report, which was tabled in the state legislative assembly late Thursday, said.

February 19th, 2009 BANGALORE - The services sector in IT-savvy Karnataka has weathered the onslaught of global meltdown and slowdown in the country to stem the impact of negative growth in industrial and agriculture sectors, the state's economic survey for the 2008-09 financial year said. 'The services sector continues to dominate the state's economy and is projected to grow by 9.2 percent year-on-year (YoY) this fiscal though less by 1.5 percent from 10.7 percent last fiscal (2007-08),' the survey report, which was tabled in the state legislative assembly late Thursday, said.

December 27th, 2008 NEW DELHI - Despite the global economic slowdown, some segments of India's services sector, including IT, education and organised retail, retained 'high' growth rate of 10-20 percent this fiscal, an industry lobby survey said here Sunday. The survey by the the Federation of Indian Chambers of Commerce and Industry (Ficci ) said: 'Although the slowdown is expected to make a further dent in the growth of some segments of the sector, given its overall contribution of 63 percent to the GDP (gross domestic product), the services sector growth is expected to help maintain a healthy GDP growth this fiscal.' According to the survey, the number of wireless subscribers grew 50 percent in April-November compared to the same month last year.