Service sector growth slows in February
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The nation's service sector expanded at a slower-than-expected rate in February amid a slowdown in new orders that economists think may help cool inflation.
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Growth in US services - the engine driving the world's biggest economy - has slowed sharply, a survey suggests.
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The Commerce Department said Friday US economic growth in the second quarter grew at its slowest pace since the first quarter of 2003.
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The U.S. service sector grew for the 47th straight month in February, though the rate of expansion moderated more than expected from January's torrid pace and pricing pressures eased, a report showed on Monday.
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U.S. retail sales rose a sluggish 0.1 percent in February amid unusually cold weather and despite firm auto sales, government data showed on Tuesday, raising expectations of an interest rate cut later this year.
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Retail sales rose just 0.1 percent in February and a growing number of Americans fell behind on their mortgages late last year, according to data on Tuesday that raised concerns about the economy.
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The nation's service sector grew in December at a pace slightly slower than the month before, providing more evidence that the U.S. economy is struggling because of higher oil prices and a tight credit market.
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Retail sales rose a  less-than-expected 0.1 percent in February despite firm  automotive sales as building materials and general merchandise  sales slumped, a Commerce Department report showed on Tuesday.
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By Bloomberg News. An index of Midwest business activity fell for a second consecutive month in December, a sign of slower growth in manufacturing.
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The nation's retailers had a slow start to the spring season as unseasonably cold weather in February chilled demand for lightweight apparel and left merchants with disappointing sales. The slowing economy, particularly the weakening housing market, could challenge shoppers in the months ahead.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.
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The pace of growth in the U.S. service  sector improved in January, prompted by steady new orders and a  decline in prices paid by service companies, according to a  report released on Monday.
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The nation's service sector expanded at a slower pace in September than in August, reflecting managers' ongoing concern about the economy, interest rates and security issues, a trade group said Wednesday.
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The service sectors in the United States, Europe and Britain all posted the slowest growth in more than a year in September, surveys of purchasing managers showed Tuesday, suggesting global growth may be cooling.
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Consumer sentiment fell further than previously estimated in February, as concerns over incomes and jobs in a slowing economy weighed on confidence.
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The pace of growth in U.S. service industries slowed in September and pricing power ebbed, according to a report on Wednesday that showed a key service sector index falling to its lowest since April 2003.
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The U.S. manufacturing sector will grow at a slower pace over the next two years than it did in 2006, according to a new report, as new clean-air rules for diesel engines, and continued weakness in the housing and auto industries, weigh on key industrial end markets.