CountryBoy
Market Veteran
- Reaction score
- 48
Global services growth geared down a notch in June, data showed on Monday, supporting the view in financial markets that emerging and developed economies are set to cool off through the second half of the year.
China's services sector growth slowed to its weakest in 15 months and the surveys showed a similar slowdown from heady rates across Europe, where governments are taking the hatchet to budgets and where consumer spending is already lacklustre.
The reports followed news on Friday that the U.S. economy shed 125,000 jobs in June, the largest decline since October, showing the world's largest economy is failing to accelerate on its own as government stimulus fades.
http://www.cnbc.com/id/38086690
China's services sector growth slowed to its weakest in 15 months and the surveys showed a similar slowdown from heady rates across Europe, where governments are taking the hatchet to budgets and where consumer spending is already lacklustre.
The reports followed news on Friday that the U.S. economy shed 125,000 jobs in June, the largest decline since October, showing the world's largest economy is failing to accelerate on its own as government stimulus fades.
http://www.cnbc.com/id/38086690
