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.