Latest news and articles about consumer demand from NEX English
Chinese President Xi Jinping has called for the enhancement of the service sector through a demand-driven approach, emphasizing reforms and technological empowerment. This announcement was made during a national conference on the service sector in Beijing.
A private survey indicates that service sector activity in China slowed in March, signaling weak consumer demand following a temporary boost during the New Year holiday. This decline reflects ongoing economic challenges facing the country.
A recent survey by S&P Global reveals that the Russian manufacturing sector experienced a significant contraction in March 2023, marked by declines in production and new orders. The Purchasing Managers' Index fell to 48.3 points, indicating deteriorating economic conditions.