Tariffs are leaving their mark on the U.S. economy beyond trade, as a measure of activity in the vast services sector hit ...

Economic activity in the services sector fell back modestly in July as businesses held off on making purchases amid policy uncertainties. The Institute for Supply Management’s purchasing manager ...

The sweet spot for creating the highest value points to nearshore countries in Latin America, from Mexico and Colombia to ...

The report noted that Indian IT service providers must defend core offerings while investing in new growth areas through ...

UK business activity rises to one-year high as services sector leads rebound - Firms nevertheless have been cutting hiring ...

The service industry contributes significantly to the global economy. In the U.S. alone, the services sector contributed more than 75% of gross domestic product in 2021, according to Statista.

With demand cooling, services sector inflation continued to subside, though it remains elevated. A measure of prices paid by services industries for inputs fell to 59.5 from 65.6 in February.

The strength in the service sector bodes well for the fourth-quarter performance of the economy. U.S. gross domestic product (GDP) came in at a healthy 3 percent in the third quarter, as reported ...

This includes passing policies targeted toward specific service-sector occupations, such as proposals to raise standards for home care 35 and child care 36 workers; enacting measures to improve ...