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Japan service sector growth slows to 11-month low in April, PMI shows

Japan service sector growth slows to 11-month low in April, PMI shows

TOKYO, May 8 (Reuters) - Japan's service activity grew at its slowest pace in 11 months in April, as uncertainty and rising costs from the war in the Middle East weighed on sentiment, a private-sector survey showed on Friday.    
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Italy tells Rubio that Europe needs America and vice versa on Day 2 of US fence-mending visit

Italy tells Rubio that Europe needs America and vice versa on Day 2 of US fence-mending visit

Italian Foreign Minister Antonio Tajani has told U.S. Secretary of State Marco Rubio that Europe needs the United States, and vice versa
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Rubio set to meet Italy's Meloni as both sides seek to ease frictions over Iran war

Rubio set to meet Italy's Meloni as both sides seek to ease frictions over Iran war

U.S. Secretary of State Marco Rubio is set to meet Italian Premier Giorgia Meloni to ease tensions over the war with Iran
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Euro Zone Services Sector Contracts Amid Middle East Conflict and Energy Pressures

Euro Zone Services Sector Contracts Amid Middle East Conflict and Energy Pressures

The Euro zone's services sector experienced a contraction in April, marking the first decline in nearly a year. The S&P Global Eurozone Services PMI fell to a 62-month low of 47.6, driven by weakening demand and deteriorating export business. The ongoing conflict in the Middle East has disrupted consumer-facing sectors, exacerbating the downturn. The composite PMI, which includes manufacturing, also dropped to a 17-month low. Rising energy prices and travel disruptions have intensified pressures on the service industry, leading to increased prices and input costs.
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German industrial orders surge in March as firms brace for more Iran war pain

German industrial orders surge in March as firms brace for more Iran war pain

By Miranda Murray and Rene Wagner BERLIN, May 6 (Reuters) - German industrial orders rose more than expected in the first month following the outbreak of the Iran war, even when excluding volatile large-scale orders, as demand probably surged in anticipation of higher prices and potential
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Italy services costs rise at fastest pace in over three years, PMI shows

Italy services costs rise at fastest pace in over three years, PMI shows

ROME, May 6 (Reuters) - Cost pressures in Italy's service sector hit their highest level in more than three years in April, driven by the conflict in the Middle East, a survey showed on Wednesday.
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China services activity grows at faster rate in April, private PMI shows

China services activity grows at faster rate in April, private PMI shows

By Liangping Gao and Ryan Woo BEIJING, May 6 (Reuters) - China's services activity expanded at a faster pace in April, helped by stronger growth in new business, although overseas demand continued to decline, a private-sector survey showed on Wednesday.
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German services contract in April at fastest pace in over three years, PMI shows

German services contract in April at fastest pace in over three years, PMI shows

BERLIN, May 6 (Reuters) - Germany's service sector contracted at its steepest rate in more than three years in April as demand evaporated due to rising inflationary pressures and uncertainty linked to the Iran war, a survey showed on Wednesday.
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Canada's services PMI hits six-month high but sector remains in contraction

Canada's services PMI hits six-month high but sector remains in contraction

By Fergal Smith TORONTO, May 5 (Reuters) - The downturn in Canada's services economy eased in April as the level of new business increased despite concerns about tariffs and the war in the Middle East, S&P ‌Global's Canada services PMI data showed on Tuesday.
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Euro zone services activity slumps in April on weak demand, PMI shows

Euro zone services activity slumps in April on weak demand, PMI shows

LONDON, May 6 (Reuters) - Euro zone services activity contracted in April for the first time in almost a year, hit by weakening demand and deteriorating export business as the Middle East war weighed on consumer-facing sectors, a survey showed on Wednesday.
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UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.
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Spain services contract for first time in nearly 3 years, PMI shows

Spain services contract for first time in nearly 3 years, PMI shows

MADRID, May 6 (Reuters) - Spain's services sector contracted in April for the first time since August 2023 as uncertainty linked to the U.S.-Israeli war with Iran hampered demand and confidence, a business survey showed on Wednesday.