The numbers: The Institute for Supply Management said on Monday that its service-sector PMI rose to 51.6% in April from 50.8% in the prior month. Economists polled by the Wall Street Journal had ...

Service sector businesses “are all industries that power American economic growth. They’re the US economy’s secret sauce,” said Mark Zandi, chief economist for Moody’s Analytics.

The U.S. economy, for the most part, is a services economy. The services sector accounts for more than 70% of the country’s gross domestic product, according to the Bureau of Economic Analysis.

Digital Banking platform CaixaBank research highlights that the growth of services sustains the dynamism of the economy in ...

WASHINGTON, May 5 (Reuters) - The U.S. services sector's growth picked up in April, while a measure of prices paid by businesses for materials and services raced to the highest level in more than ...

India’s economy grew 7.4% in Q4 FY25, driven by a rise in indirect taxes and GST collections. SBI projects 6.3–6.5% GDP ...

The UK economy stalled in April after growing by 0.4% in March. Service sector output rose by 0.2% in April, while manufacturing production declined by 1.4%. Later in the session on Wednesday ...