Brazil's service sector expanded at a slower pace in January amid a less favorable demand environment. The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 51.3 in January from 53.7 in December. Among components, new orders and business activity grew at weaker rates, which prompted service providers to lower workforce numbers and downgrade output projections.
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of January. ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December.
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of January. ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December. Economists...
Eurozone inflation fell below the 2 percent target in January on falling energy prices and a stronger euro, official data showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, as expected, following December's 2.0 percent increase, flash data from Eurostat revealed.
Consumer price inflation in Croatia increased slightly in January from an eight-month low in December. The consumer price index climbed 3.4 percent year-on-year in January, following a 3.3 percent rise in December. Prices for food, beverages, and tobacco rose 3.0 percent from the same month a year ago. The overall inflation was largely driven by a 7.2 percent surge in costs for services.
The UK service sector grew the most in five months in January amid strong growth in output and new work, final data from S&P Global showed on Wednesday. The final services Purchasing Managers' Index advanced to 54.0 in January from 51.4 in December. The flash score was 54.3. The reading has remained...
Consumer price inflation in Italy eased in January to the lowest level in fifteen months. Consumer price inflation slowed to 1.0 percent in January from 1.2 percent in December, as expected. Goods prices showed a fall of 0.2 percent compared to last year, while costs for services rose 2.5 percent.
The euro area private sector logged its weakest growth in January due to the weakening of growth in services activity, final data from S&P Global showed on Wednesday. The final composite output index posted 51.3 in January, the lowest score since last September. The score remained below the initial estimate and the December's level of 51.5.
Sweden's service sector activity expanded at the slowest pace in five months. The purchasing managers' index, or PMI, for the services sector dropped to 54.3 in January from 56.3 in December. Among components, all sub-indices declined in January, and new orders were the largest contributor to the decline in the PMI services, reaching a six-month low.
Eurozone inflation softened in January, flash estimate from Eurostat showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, following December's 2.0 percent increase. The rate came in line with expectations. Excluding volatile energy, food,...
Austria's consumer price inflation moderated in January to the lowest level in just over a year amid cheaper energy costs. The consumer price index climbed 2.0 percent year-over-year in January, slower than the 3.8 percent increase in November. A similar inflation rate was last seen in December 2024. On a monthly basis, consumer prices decreased 0.7 percent.
Russia's service sector activity expanded at the quickest pace in a year in January as output and new order growth gained momentum. The services purchasing managers' index, or PMI, climbed to 53.1 in January from 52.3 in November. A score above 50 suggests expansion in the sector. Higher output was driven by improved customer demand and sustained growth in new orders.
India's service sector growth rebounded at the start of the year amid quicker rises in new orders and output. The seasonally adjusted HSBC India Services PMI rose to 58.5 in January from 59.8 in December. Both output and new orders grew at faster rates in January, and the upturn in the latter was driven by demand buoyancy, new business gains, and tech investment.
Flash inflation and final composite Purchasing Managers' survey results from the euro area are the top economic news due on Wednesday. At 3.15 am ET, Spain's services and composite PMI survey results are due. Economists expect services PMI to fall to 56.6 in January from 57.1 in the previous month. At 3.45 am ET, S&P Global publishes Italy's services and composite PMI data.
China service sector growth improved in January, driven by stronger growth in new business, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose to 52.3 from 52.0 in December. The latest rise in services activity was the strongest in three months.
January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.