Nov 5th, 2009 - The Associated Press
Related topics:
NEW YORK (AP) -- A trade group's measure of the health of the U.S. service sector likely rose for a second straight month in October as consumer spending ticks higher, a crucial ingredient for a strong rebound from the recession.
The Institute for Supply Management's service index likely edged up to 51.5, from 50.9 in September, according to analysts polled by Thomson Reuters.
Any reading above 50 signals growth in the service sector. That threshold was broken in September for the first time in 13 months. A reading of 51.5 would be the strongest since April 2008.
Related stories:
Fed to Keep Rates Low Despite Pickup
Nov 5th, 2009 - Wall Street Journal
The Federal Reserve affirmed its plan to keep interest rates "exceptionally low" for a long time despite signs of economic recovery. But the Fed began to lay rhetorical groundwork for an eventual shift in its stance...
Stock futures shift gears, push slightly higher
Nov 5th, 2009 - The Seattle Times
Stock futures are higher after the government reported a bigger-than-expected drop in workers seeking unemployment benefits. The Labor Department said initial claims for jobless benefits fell to 512,000 last week, the lowest level since January...
Ahead of the Bell: ISM service sector index
Nov 4th, 2009 - Boston
NEW YORK—A trade group's measure of the health of the U.S. service sector likely rose for a second straight month in October as consumer spending ticks higher, a crucial ingredient for a strong rebound from the recession.
Ahead of the Bell: Personal Spending
Oct 30th, 2009 - ABC News
Consumer spending likely fell in September, as auto sales took a nosedive with the end of the popular Cash for Clunkers program. While consumer spending actually powered a return to economic growth in the third quarter...
Fueled by stimulus, US economy grows
Oct 30th, 2009 - Philly
Federal support for consumers' spending on cars and homes drove the economy up 3.5 percent in the third quarter, the Commerce Department reported yesterday. It marked the first increase in the nation's economic activity...
Related videos from YouTube:
1:00Service sector activity improves in December
www.EmploymentCrossing.com Even amid the worsening recession, activity in the service sector activity improved in December, according to a purchasing managers' group. The Institute for Supply Management's (ISM) non-manufacturing index rose to 40 ...
0:48Oct. 5: ISM, Goldman Sachs Send Stocks Higher
A report that the service sector grew for the first time in more than a year gave investors a boost of confidence Monday. (Oct.5)
7:58Forex Video | News Trade Alert | September 4, 2008
a survey of purchasing managers at US service firms are the key news events on tomorrow's calendar. Although the Bank of England and the European Central Bank are expected to keep their respective rates on hold, clues to the ECB's ...
2:58Service industries are still contracting in the US
www.tradingfloor.com While the production of autos, ships, and such is expanding for the first time in 19 months, as we reported on Tuesday, the service industries are still contracting. The ISM Non-manufacturing Index came out at 48 ...
