Service Industriesâ Expansion Picked Up Pace Last Month
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The expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.
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Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming along, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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Business activity in the US Midwest expanded in September at a faster rate than expected, with employment growing in step with a jump in new orders, a report showed Thursday.
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Revenues in key sectors of the U.S. services industry grew in the second quarter, the government said on Monday in a new survey aimed at measuring growth in the giant tranche of the economy.
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This global IT services provider is seeing more growth as its sector makes a comeback.
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The company is moving along a dual track -- growth through acquisitions and organic efforts.
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The dominant service sector grew at its fastest rate in a year in May, confounding market expectations for a slightly slower pace, according to a report released on Tuesday.
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Growth is looking up at Marcus for both its movie theater and hotel operations.
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CHICAGO: The huge US services sector expanded in October at a faster rate than expected, but a surprising dip in September factory orders created mixed signals for the US economy, reports showed yesterday.
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US stock-index futures rose before an Institute for Supply Management report that may show growth in the services industry accelerated last month.
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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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Employers added 132,000 jobs last month, a moderate pace slightly above what forecasters were expecting.
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The service sector of the U.S. economy saw activity grow in December, amid continued advances for employment and increasing prices, a report from a private research group said Wednesday.
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Business activity in the U.S. Midwest  expanded in August for a 16th straight month but at a slower  pace than expected, as pricing pressures mounted, a report  showed on Tuesday.
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The US manufacturing sector continued to expand in November, registering the 18th consecutive month of expansion, the Institute for Supply Management (ISM) reported Wednesday.
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Midwestern U.S. business expansion was  faster than expected in May, with new orders and hiring  bouncing back from weak April levels, a report showed on  Wednesday.
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The ambulance service says its modernisation is paying off after hitting its response targets for a second month.