Home Economy Services have pulled up consumption // But the growth of business activity...

Services have pulled up consumption // But the growth of business activity in this area may be short-lived

0


With improved business activity in the services sector, the composite PMI rose to its highest since mid-2021 in July. The main reason for this is the increase in domestic demand. However, the demand for services, which increased from the second half of June, began to shrink again by the end of July. Growth in consumer lending and lower deposit rates may slow down the rate of decline in consumption. .

Leave a Reply