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  • H.S. Borji
    Business » US Service Economy Improves in February
    H.S. Borji - February 24, 2015, 14:53 GMT

    The US service economy improved for a second consecutive month in February, a sign the world’s biggest economy was regaining momentum following a temporary soft patch. Markit Group’s preliminary estimate of US service activity rose 2.8 percentage points to 57.0 in February, a four-month high. The reading was well above forecasts calling for a slight

  • H.S. Borji

    The US service economy rebounded modestly in January after slowing for six consecutive months, although the rate of new business growth was the slowest in more than five years. Markit Group’s preliminary estimate of US service activity rose 0.7 percentage points to 54.0 in January. A median estimate of economists called for an increase to

  • H.S. Borji

    The US service economy expanded at the slowest rate in six months in December, as weaker new orders and business activity raised concerns about the economic outlook heading into the new-year. The Institute for Supply Management’s gauge of national service activity declined 3.1 percentage points to 56.2 in December, well below the consensus estimate of

  • H.S. Borji

    The US service economy slowed for a sixth consecutive month in December, as output rose at its weakest rate since February, casting further doubts about the economic recovery in the fourth quarter. Markit Group’s preliminary estimate of US service activity eased in December to 53.6 from 56.2. A median estimate of economists called for an

  • H.S. Borji

    The US service economy slowed for the fifth consecutive month in November, easing to the lowest level since April amid slower upturns in new business, casting doubts about the US recovery in the fourth quarter. Markit Group’s gauge of US service activity eased in November to 56.3 from 57.1. A median estimate of economists called