Growth of global service sector activity and new business slowed in June
Jul 7th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Growth of global service sector activity and new business slowed in June as the latest PMI (Purchasing Managers' Index) data signalled that global services business activity increased for the eleventh successive month in June. At 54.9, the JPMorgan Global Services Business Activity Index remained at a level consistent with a solid rate of expansion. However, growth eased further from April's 33-month peak to a four-month low, partly reflecting a similar slowdown in the rate of expansion of incoming new business.