Financial Times FT.com

Services sector starts to feel more confident

By Chris Giles in London

Published: May 10 2009 23:36 | Last updated: May 10 2009 23:36

Service sector companies in European and emerging markets have recovered much of the confidence lost as the global recession took its toll, providing another sign of green shoots after a bruising six months.

The majority of companies report that they expect the volume of business to improve over the coming year, revenues to grow and a rise in new orders.

Service sector: A construction worker operates a machine

Building belief: the sudden loss of confidence within emerging economies such as Brazil and Russia late last year has now been put to one side

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