Updated / Wednesday, 7 Apr 2021
09:52
The IHS Markit s Services Purchasing Managers Index (PMI) rose to 49.6 in March from February s 45.7
Euro zone business activity returned to growth last month, underpinned by a record expansion in the manufacturing sector, according to a survey that showed the service industry was coping with new lockdowns better than expected.
As Europe battles a third wave of coronavirus infections, governments have re-imposed restrictions on citizens and forced swathes of the dominant services industry to remain closed.
But IHS Markit s Services Purchasing Managers Index (PMI) rose to 49.6 in March from February s 45.7, much higher than a flash estimate of 48.8 and only just shy of the 50 mark that separates growth from contraction.
3 Min Read
LONDON (Reuters) -Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns.
FILE PHOTO: Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach
Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programmes beset by delays - have re-imposed curbs on citizens and forced swathes of the dominant services industry to remain closed.
3 Min Read
LONDON (Reuters) -Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns.
FILE PHOTO: Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach
Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programmes beset by delays - have re-imposed curbs on citizens and forced swathes of the dominant services industry to remain closed.
COVID-19 impact: India s services sector growth loses momentum in March
Subdued foreign demand for services meant export business declined again, although the fall was the shallowest since February last year - not long before the full impact of the pandemic hit
PTI | April 7, 2021 | Updated 12:08 IST
Activity in India s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed.
The results were broadly backed by a Reuters poll last week that predicted India s economy would grow faster than previously expected this fiscal year but warned a resurgence of coronavirus cases could derail growth. The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.6 in March from 55.3 in February but held above the 50-mark separating growth from contraction.
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Jens Meyer/The Associated Press
Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns.
Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programs beset by delays - have re-imposed curbs on citizens and forced swathes of the dominant services industry to remain closed.