U.S. Service Sector Expands
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NEW YORK -- The nation's service sector expanded at a faster-than-expected pace in May, suggesting it could help sustain broader economic growth as the automotive and housing industries slump, a research group said Tuesday.
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Recognising the key role of the services sector in the economy, the foreign trade policy has unveiled the âServed from Indiaâ scheme to accelerate growth in service exports.
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U.S. stocks rose on Tuesday as a report showing an unexpectedly robust services sector boosted hopes that profit growth would withstand fallout from a slowing housing market.
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An industry survey said growth in the vast US services sector expanded in October, with a slight rise in the employment index. Meanwhile, the Commerce Department said orders placed with US factories fell for
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Growth in the huge U.S. services sector rose in December, although employment declined slightly, according to a survey published on Wednesday.
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Company is upgrading current support and service program to draw more mainframe customers.
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Major international expansion to roll out nine local services for countries including the UK and Ireland.
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The U.S. economy continued its  expansion over the past month, with labor market conditions  improving and business lending on the rise, the Federal Reserve  said on Wednesday.
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Growth in the U.S. services sector  accelerated unexpectedly in November and third-quarter labor  costs grew more slowly than forecast, suggesting the economy  may be weathering a manufacturing slowdown with wage-driven  inflation coming under control.
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The U.S. services industry grew further in December, rounding out a year of expansion in the huge sector, although employment news was less favorable, according to a survey published on Wednesday.
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The U.S. service sector grew for the 47th straight month in February, although 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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Continued robust expansion in developing countries will help offset a slowdown in the United States this year amid concerns of a possible recession in the world's largest economy
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Service industries in the United States grew last month at the slowest pace in almost four years, suggesting the economic slowdown may be spreading beyond housing and manufacturing.
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.
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Move over agriculture, according to the International Labor Organization, service is where the growth is.
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Stocks rose on Tuesday as a report showing unexpected strength in the services sector boosted hopes that profit growth would withstand fallout from a slowing housing market.
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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.