Services sector up, manufacturing down
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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 vast U.S. services  sector slowed in September, but mixed data on employment on  Tuesday focused economists' attention on upcoming payrolls data  to get a clearer sign about the outlook.
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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.
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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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The nation's industrial sector ended 2004 on a high note, with manufacturing activity expanding in December for the 19th consecutive month, a research group reported. But the government said construction spending dropped in November as builders reined in projects in anticipation of higher interest rates.
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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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NEW YORK - Activity in the nation&#39;s manufacturing sector grew in October for the 17th straight month, but at a slower pace than the previous month, the Institute for Supply Management reported Monday.
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The worldwide services industry is undergoing a shift similar to what happened in manufacturing a generation ago, according to IDC analyst Marianne Hedin.
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The nation's manufacturing sector expanded at the slowest pace in over a year in September amid weaker U.S. auto sales and a slumping housing market, a trade group said Monday.
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The dominant service sector grew more than expected in May, according to a report released on Tuesday.
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Manufacturing activity rose in August for the 15th consecutive month, but at a slower rate than reported in July, according to a monthly report released Wednesday by the Institute for Supply Management, a research group.
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The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May on a surge of hiring in service businesses while hiring in the factory sector continued to decline, Labor Department data showed on Friday.
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The manufacturing sector grew for the 20th consecutive month in January, though at a moderated pace, a private research group reported Tuesday, affirming the rebound in activity at the nations' factories.
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Confidence in service firms has been hit by rising oil prices and interest rates but manufacturers have seen the best rate of orders for nine years, two surveys show.
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Manufacturing output climbed in June, official data has shown, but at a slower pace than had been forecast by analysts.
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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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Stocks rose on Tuesday after stronger-than-expected data on the services sector boosted optimism about U.S. economic growth and profits.