Global Services Sector Shows Mixed Performance in February
While some countries report growth, others face challenges amid varying economic conditions.
- US services sector growth slows with inflation moderating, signaling underlying strength despite employment decline.
- China's economic recovery appears fragile as services and manufacturing data present a mixed picture, with potential short-lived growth.
- Canadian services sector shows signs of recovery, reaching a four-month high in optimism despite continued contraction.
- UK services industry growth contributes to signs of economic turnaround, with increased optimism and new work.
- French services sector downturn eases, indicating a recovery in export demand and a more optimistic business outlook.