Service sector growth slows in December
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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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Three pillars of the economy &#151; consumer confidence, orders for manufactured goods and home prices &#151; showed surprising cracks on Tuesday, flashing signals that growth may slow more heading into the important holiday shopping season.
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Growth in the vast U.S. services  sector slowed in August although managers seemed more willing  to hire new workers, according to an industry survey published  on Friday.
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Growth in the vast U.S. services  sector slowed in September, with a significant decrease in  prices paid but a solid employment component, according to an  industry survey published on Tuesday.
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Economic growth slowed in the final quarter of 2004 to levels not seen in two years, the Commerce Department said yesterday, capping a nonetheless expansive 12 months for the American economy.
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Factory activity in the U.S. Mid-Atlantic region contracted sharply in January and home building in December fell to the slowest pace since the early 1990s, according to reports on Thursday that reinforced fears of recession.
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U.S. growth slowed in some parts of  the country last month and private employers hired fewer people  than expected, according to reports on Wednesday that chime  with other weak signals from the economy.
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Consumer spending slowed in December and inflation continued to rise, leaving the Federal Reserve less maneuvering room as it ponders policy decisions.
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The annual rate of house price growth falls, despite a slight price gain in December, government figures show.
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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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Financial pressures hit US consumers and spending slumps to a 15-month low in December, data shows.
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Japanâs machinery orders fell in December, signaling that economic growth may slow this year as companies scale back spending on factories and equipment. Non-government machinery orders, excluding shipping and utilities, declined a seasonally adjusted 0.7 percent from November, the Cabinet Office said.
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Growth in the vast U.S. services sector slowed in September, with a significant decrease in prices paid but a solid employment component, according to an industry survey published on Tuesday.
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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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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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Business activity in the US Midwest expanded in December but at a slower rate than expected, with hiring down after four months of growth, a report showed on Thursday.
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Manufacturing activity expanded for the 19th consecutive month in December, a research group reported Monday, suggesting that the industrial sector entered the new year with solid strength behind it.