Recent data from S&P Global shows that the services sectors of several major economies are moving in different directions. While the United Kingdom and Russia saw a decrease in activity, China, Japan, and South Africa experienced growth.

S&P Global 最近的數據顯示，幾個主要經濟體的服務業發展方向不一。英國與俄羅斯的活動有所減少，而中國、日本與南非則經歷了增長。

The United Kingdom's services sector fell significantly, with the PMI dropping to 48.8. Experts emphasized that this decline was caused by a combination of geopolitical instability in the Middle East and political uncertainty at home after Prime Minister Keir Starmer resigned. Although the 2026 FIFA World Cup helped the hospitality industry slightly, the wider sector suffered from fewer new orders and faster job cuts. Similarly, Russia's services sector declined to 48.2 due to lower client demand and the fastest rate of job losses in over three years.

英國的服務業大幅下跌，PMI 跌至 48.8。專家強調，此次下跌是由於中東地緣政治不穩，以及首相 Keir Starmer 辭職後國內政治不確定性共同導致。雖然 2026 年世界盃對餐旅業有輕微幫助，但整體產業仍因新訂單減少及裁員速度加快而受損。同樣地，俄羅斯的服務業由於客戶需求降低以及三年來最快的裁員速度，下跌至 48.2。

In contrast, East Asian markets showed growth. China's services PMI remained strong at 54.1, supported by new business and an increase in service exports. Japan's sector returned to growth with a score of 52.2, although this recovery was limited by rising costs for materials and geopolitical worries. Furthermore, South Africa's private sector grew slightly with a PMI of 50.5, which was mainly helped by steady hiring and a decrease in inflation.

相比之下，東亞市場顯示出增長。中國的服務業 PMI 保持強勁，維持在 54.1，得到了新業務和服務出口增加的支持。日本的產業恢復增長，得分為 52.2，儘管此復甦受到原物料成本上升和地緣政治擔憂的限制。此外，南非的私營部門輕微增長，PMI 為 50.5，這主要得益於穩定的招聘和通貨膨脹的降低。

Across these countries, the impact of costs varied. The UK and South Africa reported that price pressures were cooling, whereas Japan saw a sharp increase in the cost of energy, food, and wages. In Russia, selling prices reached a multi-year low because companies offered discounts to attract more customers.

在這些國家中，成本的影響各異。英國與南非報告指出價格壓力正在緩解，而日本則看到能源、食物和薪資成本大幅增加。在俄羅斯，由於公司提供折扣以吸引更多客戶，銷售價格達到了多年低點。

Global services activity remains divided. Geopolitical tensions and high costs are the main obstacles in Western and Russian markets, while Asian economies continue to grow.

全球服務業活動依然分歧。地緣政治緊張與高成本是西方與俄羅斯市場的主要障礙，而亞洲經濟體則繼續增長。