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Global Construction and Services Sectors Show Resilient Growth

UK construction rebounds strongly post-election; US, China, and Japan see service sector expansion despite challenges.

  • UK construction industry grows at fastest pace in two years, driven by new housing projects.
  • US services sector rebounds with increased hiring and new orders, easing recession fears.
  • China's services activity accelerates, though external demand slows to an 11-month low.
  • Japan's service sector returns to growth, supported by solid domestic demand despite cost pressures.
  • Germany's services growth slows, raising concerns of a potential recession.
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