ECONOMICS COMMENTARY
Apr 10, 2014
Global media sector sees fall in employment alongside muted activity growth
The latest Global Sector PMI data from Markit showed that the level of business activity in consumer services increased in March. Included within this broad sector is media, which saw only marginal growth in output. Back in December 2013, media experienced a peak in business activity growth at a rate that was faster than the global all-sector average. Since then growth has moderated and remained broadly stable at a weak pace for the past three months. Moreover, media output grew at a slower pace than business activity in the related tourism & recreation sector in March.
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