New data shows that some countries are doing well and some are doing poorly in their services business.

新數據顯示，部分國家的服務業表現良好，而部分國家則表現不佳。

The UK and Russia have problems. In the UK, business is slow because of wars and new leaders. Many people lost their jobs. Russia also has fewer customers and fewer jobs.

英國與俄羅斯面臨問題。在英國，由於戰爭與新領導人，業務成長緩慢。許多人失去了工作。俄羅斯的客戶也減少了，就業機會也隨之下降。

China and Japan are growing. China has many new customers. Japan is growing again, but food and energy cost more money.

中國與日本正在成長。中國擁有許多新客戶。日本再次成長，但食物與能源成本增加。

South Africa is also growing. They are hiring more workers. Prices are not rising fast there.

南非也在成長。他們正在僱用更多工人。那裡的價格上升速度並不快。

Some countries in Asia are growing. However, the UK and Russia are struggling because of costs and wars.

部分亞洲國家正在成長。然而，英國與俄羅斯因成本與戰爭而陷入困境。

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。

Recent S&P Global data indicates divergent trajectories for the services sectors of several major economies, characterized by contraction in the United Kingdom and Russia, and expansion in China, Japan, and South Africa.

最近 S&P Global 的數據顯示，幾個主要經濟體的服務業發展軌跡分歧，其中英國與俄羅斯呈收縮態勢，而中國、日本與南非則呈擴張態勢。

The United Kingdom's services sector experienced a significant contraction, with the PMI descending to 48.8. This decline is attributed to a confluence of geopolitical instability regarding the Middle East conflict and domestic political volatility following the resignation of Prime Minister Keir Starmer. While the 2026 FIFA World Cup provided a marginal stimulus to hospitality, the broader sector faced diminished new work and accelerated workforce reductions. Similarly, Russia's services sector recorded a decline to 48.2, driven by attenuated client demand and the most rapid rate of job losses in forty-two months.

英國的服務業經歷顯著收縮，PMI 降至 48.8。此次下滑歸因於中東衝突引起的地緣政治不穩定，以及首相 Keir Starmer 辭職後國內政治動盪的共同影響。雖然 2026 年 FIFA 世界盃對餐旅業提供了微幅刺激，但整體產業面臨新業務減少以及裁員速度加快的問題。同樣地，俄羅斯的服務業錄得 48.2 的低點，主因是客戶需求減弱，且遭遇了 42 個月以來最快速的裁員率。

Conversely, East Asian markets exhibited growth. China's services PMI remained robust at 54.1, supported by strong new business acquisition and an expansion in services exports. Japan's sector returned to growth with a reading of 52.2, although this recovery was tempered by intensifying input cost pressures and geopolitical concerns. South Africa's private sector achieved a marginal return to growth, with a PMI of 50.5, primarily facilitated by resilient hiring practices and a marked deceleration in inflationary pressures.

相反地，東亞市場呈現增長。中國的服務業 PMI 保持強勁，維持在 54.1，得益於強勁的新業務獲取能力以及服務出口的擴張。日本服務業恢復增長，讀數為 52.2，儘管此恢復受限於日益劇烈的投入成本壓力與地緣政治憂慮。南非私營部門則微幅恢復增長，PMI 為 50.5，主要得益於穩健的招聘做法以及通膨壓力的顯著放緩。

Across these jurisdictions, the impact of input costs varied. The UK and South Africa reported a cooling of price pressures, whereas Japan experienced a sharp escalation in costs related to energy, food, and wages. In Russia, selling price inflation reached a multi-year low as firms implemented discounting strategies to stimulate demand.

在這些司法管轄區中，投入成本的影響各異。英國與南非報告價格壓力有所緩解，而日本則經歷了能源、食品與薪資成本的劇烈攀升。在俄羅斯，由於企業採取折扣策略以刺激需求，銷售價格通膨率達到了多年來的低點。

Global services activity remains fragmented, with geopolitical tensions and cost pressures acting as primary inhibitors in Western and Russian markets, while Asian economies maintain a trajectory of expansion.

全球服務業活動仍處於碎片化狀態，地緣政治緊張與成本壓力是西方及俄羅斯市場的主要抑制因素，而亞洲經濟體則維持擴張趨勢。