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 - Offering more evidence that the nation's economic recovery is losing steam, a closely watched gauge of future business activity fell in July for the second consecutive month.    The Conference Board said Thursday that its Composite Index of Leading Economic Indicators dropped by 0.3 percent in July to 116.0, following a revised decline of 0.1 percent in June...
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THE US IT sector lost more than 403,000 jobs between April 2001 and 2004 and the future of the job market is looking bleak. According to a report prepared by the University of Illinois-Chicago, half of the
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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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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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A gauge of US manufacturing fell this month to the lowest in more than a year, incomes lagged spending in September and home construction declined in the final economic reports before tomorrow&#39;s presidential election.
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Orders placed with US factories fell for the first time in four months, the Commerce Department said yesterday, with demand dropping sharply for commercial airplanes and parts.
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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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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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Weakness in the manufacturing sector, especially the auto industry, may be dampening the nation's economic prospects, but the bigger services sector appears to be more than making up for it.
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U.S. factory orders suffered the steepest drop in six years last month and an index of homes sales fell, according to data on Tuesday highlighting weak spots in the economy that could derail its recovery.
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European and US shares fall sharply as poor economic and corporate news adds to fears of a US recession.
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Global stock markets tumbled on Friday on fears that the US economy was facing a sharp slowdown as the first monthly fall in employment in four years made an interest rate cut this month all but certain.
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Orders placed with US factories fell for the first time in four months, the Commerce Department said Monday, with demand dropping sharply for commercial airplanes and parts.
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Global share prices continue to fall sharply amid fears that a US recession will lead to a global economic slowdown.
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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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Instead of gliding to a smooth landing after years of sky-high growth, the US economy now looks set for a bumpy ride as the property market hits major turbulence.