Growth of global service sector moderated in January
Feb 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global PMI (Purchasing Mangers' Index) data in January, indicated that the recovery in the worldwide service sector continued at the start of 2010. At 51.2, down from 51.8 in December, the JPMorgan Global Services Business Activity Index signalled an increase in activity for the sixth successive month. However, the rate of expansion was slower than the previous month and well below that signalled for manufacturing output.