US service sector cools in October
U.S. services industry activity slowed in October, with growth in new orders and employment moderating. The primary reason for this could be waning fiscal stimulus and a resurgence in new COVID-19 cases across the nation. The ISM reported on Monday that factory activity accelerated in October as ne ...
US Service sector rises above the pre-pandemic level.
After months of turmoil and bad news, the service sector sees a ray of hope. The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index rose to a reading of 57.8 in September from 56.9 in August, which is slightly higher than what it was in February. The fiscal ...
Steady economic recovery in September
There were massive declines in the second quarter, but as per business surveys, the US economic growth continued steady growth. This could be attributed to strong demand and output. The service sector and manufacturing industries reported good growth. More details here. ...
Things are looking up for the services sector
As many states are opening up after successfully containing the COVID-19 outbreak, others are experiencing an extreme surge in cases due to ignorance and being extremely misinformed. As companies have exhausted loans to pay wages, things will continue to look bleak as long as the virus is contained ...
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