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Global service sector growth accelerates in November

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Staff Writer |
Global service sector
Economies   The Sales Managers Index: Global Services

The Global Services industry grew at a modest pace in November. The Headline Sales Managers’ Index (SMI) – posted 54.2, up by 0.3 in October.

Over the past few months the Business Confidence Index has grown to register 58.6 on the back of improving sales and solid market growth. Market growth remained stable this month with the highest value for six months, World Economics shows.

Price rises for services remain low but are growing steadily. Overall the Global Services sector is continuing as the main driver of global growth as the manufacturing sector wanes.

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