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03.04.26 - 17:36
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Services Sector Contraction In March Screams Q1 Stagflation (ZeroHedge)
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Services Sector Contraction In March Screams Q1 Stagflation
Following S&P Global's Manufacturing PMI's better than expected print higher (signaling resilience in the face of March's war in Iran), the data released this morning showed the US Services Sector experienced a contraction of activity at the end of the first quarter of 2026.
The headline S&P Global US Services PMI Business Activity Index recorded 49.8 in March, down from February's 51.7 and lower than the earlier 'flash' estimate of 51.1.
It was the first decline recorded in over three years amid the weakest rise in new work since April 2024.
“The PMI survey data show the US economy buckling under the strain of rising prices and intensifying uncertainty, as the war in the Middle East exacerbates existing concerns regarding other policy decisions in recent months, notably with respect to tariffs," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence
The service sector has slipped into contract...
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03.04.26 - 09:48
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Russia Service Sector Contracts In March (AFX)
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MOSCOW (dpa-AFX) - Russia's service sector activity logged a renewed decline in March amid weaker demand conditions, survey results from S&P Global showed on Friday. The services purchasing manage......
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03.04.26 - 08:18
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China Service Sector Growth Eases (AFX)
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BEIJING (dpa-AFX) - China's service sector growth eased sharply in March but business outlook remained positive and cost pressures remained moderate, survey data published by S&P Global showed Fri......
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