Growth steady in U.S. service sector
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The U.S. service economy expanded at the same pace in August as in July, surprising analysts who had been looking for slower growth.
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Revenues in key sectors of the US 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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Growth in the huge services sector expanded in November, although the prices paid and employment components declined, according to an industry survey published Friday.
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The U.S. economy grew at a healthy 3.7 percent annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
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As far as keeping their customers satisfied, Web portals, search engines, and news and information sites in the US continue to improve but still have work to do, according to a report released Tuesday.
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The service sector of the U.S. economy grew at a quicker pace in November than in the previous month, shaking off some effects of the housing slump, a trade group said Tuesday.
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Price cuts and bundles have helped drive steady broadband growth.
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Leading US chief executives see steady growth in the US economy though 2007 underpinned by strong consumer spending, a survey showed Tuesday.
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Judging from what businesses and  consumers are throwing away, the U.S. economy is growing  steadily.
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The U.S. service sector grew for the 47th straight month in February, though 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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US economic growth is set to quicken as a healthy jobs market offsets weakness in the housing sector, a survey predicts.
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The pace of growth in U.S. service  industries slowed in September and pricing power ebbed,  according to a report on Wednesday that showed a key service  sector index falling to its lowest since April 2003.
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The company cited growth in its global business, supply chain and freight unit, as well as modest growth in its U.S. package business despite a sluggish economy.
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U.S. economic growth will remain steady in the next year as inflation moderates, the U.S. Chamber of Commerce forecast on Thursday, brushing aside concerns that the downturn in housing could spark a full-blown recession.
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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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A gauge of future economic activity rose modestly in January, an industry-backed trade group said Wednesday, suggesting the U.S. economy will continue to post modest gains in the coming months.
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The U.S. economy appears to be getting on a sustainable growth path with GDP expected to grow 2.8 percent in 2007, and the risks of inflation are slightly higher than those of an economic slowdown, according to a survey of economists released on Monday.