Overview

• China's services activity reached a three-month high in March, driven by stronger domestic demand and supportive policies, despite employment falling at the fastest pace in 11 months.
• The UK services sector recorded its fastest growth in seven months, led by technology and financial services, though job cuts continued due to cost pressures and tax hikes.
• Germany's services sector maintained modest growth, but new business inflows declined, with reduced foreign orders and heightened uncertainty weighing on performance.
• The Eurozone economy showed slight growth in March, with services expanding marginally faster than in February, but U.S. tariffs are expected to pose a significant risk to recovery efforts.
• U.S. President Donald Trump's announcement of a 54% total tariff on Chinese imports has raised concerns about global trade disruptions, threatening economic momentum in export-driven regions like China and the Eurozone.