equityresearch
Equity Research
Service industries in the U.S. barely expanded in December, underscoring Federal Reserve forecasts that the economic recovery will be slow to develop. Services from retailing to transportation are lagging behind the rebound in manufacturing as consumer demand is restrained by tight credit and 23 months of job losses. The services index is up almost 13 points from a record low of 37.4 reached in November 2008, a period of mounting job losses, falling home and stock prices, and a lack of credit for businesses.
http://www.nirmalbang.com/Upload/Daily070110.pdf
http://www.nirmalbang.com/Upload/Daily070110.pdf