declining demand

Latest news and articles about declining demand from NEX English

Russian Services Sector Contracts for First Time in Six Months

A recent survey revealed a decline in the services sector activity in Russia during March 2023, with the business index dropping to <strong>49.5 points</strong>, indicating contraction for the first time in six months. This decline is attributed to reduced demand and stagnant new orders.

Lufthansa plans to freeze flights amid declining demand

Lufthansa, the German airline, is preparing to freeze its flights due to declining travel demand caused by the ongoing war in the Middle East. This precautionary measure aims to address the increasing economic challenges facing the aviation sector.