US service sector in sharp fall
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The US service sector contracted in January for the first time in almost five years, a survey shows.
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NEW YORK, November 3  - The US services sector witnessed a continued upturn for the nineteenth consecutive month in October this year, the Institute of Supply Management (ISM) reported today.
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A closely watched gauge of future US economic activity fell in September for the fourth straight month after a stronger pace earlier in the year, a private research firm said on Thursday.
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A plunge in construction spending threatens to drive the American economy into recession.
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A slump in demand for civilian aircraft has triggered a sharp slide in orders for big-ticket US-made products.
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The double whammy of a worsening housing slump and a credit crunch is punching the economy in its gut. That's likely to mean a period of slower activity in the months ahead.
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NEW YORK Aug. 19, 2004 - Offering more evidence that the nation&#39;s economic recovery is losing steam, a closely watched gauge of future business activity fell in July for the second consecutive month.
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The number of workers seeking jobless aid fell more than expected last week and the service sector grew steadily in August, according to data on Thursday that pointed to economic strength despite credit market turmoil and a slumping housing market.
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The decline in jobs across a broad spectrum of professions marks the most striking evidence yet that the United States may be slipping into a recession.
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Wall Street shares slid at the open Tuesday after a surprisingly weak reading on US service sector activity intensified fears about a recession in the world's biggest economy.
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NEW YORK, October 21  - The US leading economic indicators declined for the fourth consecutive month in September this year indicating sluggish economic growth going into 2005.
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The U.S. services sector retrenched sharply in January to levels not seen since the 2001 recession, a survey by the Institute for Supply Management showed.
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WASHINGTON (AFX) - The US economy is losing steam, the Conference Board said Thursday, reporting that the index of US leading economic indicators fell 0.3 percent in October, the fifth straight decrease.
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U.S. economic competitiveness fell significantly over the last year, as high budget and trade deficits hurt America's business environment, according to a survey released Tuesday by the World Economic Forum.
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US emergency cut in response to weakening economic outlook and recession fears
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US manufacturing sees an unexpected fall in activity in January, raising fresh concerns about the US economy.
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Orders for big-ticket manufactured goods dropped at the sharpest rate in seven months in August, adding to signals of a slowdown in the nationâs industrial sector.