China's service sector registered another strong growth in April underpinned by the rise in output as the impact of the pandemic continued to fade. The Caixin services Purchasing Managers' Index fell to 56.4 in April from 57.8 in March, survey data from S&P Global showed on Friday. A reading above the neutral 50.0 indicates expansion. Although the score was below March's reading, this was the seco...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.