China's service sector maintained its expansionary momentum in March for a 39th straight month in line, according to data released on Friday by S and P Global, sponsored by RatingDog, a financial technology and credit research firm based in south China's Shenzhen City.
The RatingDog services PMI came in at 52.1, down from a 33-month high of 56.7 in February, but is still above the 50-point mark that separates growth from contraction.
According to the report, incoming new business increased for the 39th successive month, the second longest period of continuous expansion in the survey history.
Data shows that domestic markets were a key driver of service sector demand. International new business declined following growth in the first two months of 2026.
China's composite PMI eased to 51.5 in March from a 33-month high of 55.4, but also remained above the 50-point growth threshold.
Data shows that business activities have expanded across both manufacturing and services. Input prices have risen at the fastest pace since May 2022, driven by manufacturing cost pressures, while employment saw a slight decline.
China's service sector maintained expansionary momentum in March
China's service sector maintained expansionary momentum in March
Iraq has seen its aviation industry dealt a huge blow because of continued airspace closures and flight suspensions amid regional hostilities triggered by the recent Israeli-U.S. strikes on Iran.
As security concerns persist while tensions remain high, Iraq announced on Friday it would extend the closure of its airspace for one more week as uncertainty over the conflict continues to hang in the air.
It is estimated that the country's aviation industry has lost more than 43 million U.S. dollars over the past month since the crisis erupted, with the war causing huge disruption to air travel across the region.
"After the closure of Iraqi airspace, airport operations were halted, and revenue from both arriving and departing flights was lost. This includes income from passenger services as well as overflying aircraft, which has significantly impacted overall revenues," said Maytham al-Safi, director of media office of the Iraqi Ministry of Transport.
The impact is being felt across the board, from government revenues to private businesses, as some of the leading travel agencies say bookings have completely collapsed, with some reporting daily passenger numbers dropping from around 100 to just five.
"Our company has been directly affected. We have four branches and around 80 employees, and the impact has been significant. We still have rent and other expenses to cover, so we are trying to adapt to whatever limited business is still possible," said Ahmed Khalid, managing director of the Safari Trip travel and tourism company in Baghdad.
With air travel no longer an option, many Iraqis are turning to overland routes -- often traveling for hours, even days, to reach neighboring countries like Türkiye. But the journey is not only longer and more expensive, it can also be highly risky.
"This situation creates real anxiety for families. It's not only the travelers who are at risk, but also the vehicles transporting them. These journeys can be dangerous. There is always the risk of accidents or even drone strikes. At the same time, costs have doubled, so people are facing both financial and safety pressures," said Anwar al-Mousawi, a local resident.
For many, a sense of frustration is growing the longer the current situation drags on, as civilians bear the consequences of a conflict they are not part of, and with no clear timeline for reopening Iraqi airspace, economic losses and public frustration are expected to deepen.
"The reality is, we are in a country that is not part of this war and did not start it, yet we are the ones paying the price," said al-Mousawi.
Iraq's aviation industry left grounded as Middle East crisis continues
