China's service sector expanded for the first time in four months in May amid an easing of measures implemented to curb the spread of coronavirus, or Covid-19, survey results from IHS Markit showed Wednesday. The services Purchasing Managers' Index advanced to 55.0 in May from 44.4 in April. A score above 50 indicates expansion. The score moved above 50 for the first time since January, signaling ...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.