Service sector stronger than expected
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Growth in the U.S. services sector accelerated unexpectedly in November and third-quarter labor costs grew more slowly than forecast, suggesting the economy may be weathering a manufacturing slowdown with wage-driven inflation coming under control.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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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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Retailers such as Ito-Yokado got a lift after government data showed activity in Japan&#39;s service sector rose in June as a wide range of businesses including retailers and restaurants enjoyed a recovery in customers.
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UK factories enjoyed a strong upturn in new orders over the summer, but high oil prices are weighing on the service sector, surveys suggest.
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This global IT services provider is seeing more growth as its sector makes a comeback.
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Business activity in the U.S. and Europe cranked up a notch at the tail end of 2004, but companies remained cautious about taking on new workers according to surveys in the dominant service sector of major Western economies released on Wednesday.
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U.S. stocks rose on Tuesday as a report showing an unexpectedly robust services sector boosted hopes that profit growth would withstand fallout from a slowing housing market.
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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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The pace of growth in the U.S. service sector accelerated unexpectedly in November, while employment, prices paid and new orders also rose, according to a report on Tuesday.
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The US economy grew 4% in the second quarter of the year, a much stronger performance than first thought.
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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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India's economy beats expectations in the second quarter, with services leading the way.
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Both service and manufacturing industries showed strength in June, according to a closely watched index of business activity.
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Employers added a stronger-than-expected 132,000 new jobs in June and also boosted payrolls more strongly than previously thought in April and May.
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Revenues in key parts of the U.S.   service economy rose 3.5 percent in the second quarter as   sluggish growth in the healthcare sector was offset by a strong   performance elsewhere, a government report showed on Wednesday.
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UK business confidence is increasing despite higher interest rates, a survey by accountants KPMG finds.