Sentence examples for contraction in the services from inspiring English sources

A number below 50 indicates contraction in the services sector, while a number above 50 denotes expansion.

The morning advance stalled despite a report from the Institute for Supply Management that showed less contraction in the services sector in December than the month before, an encouraging sign in light of slowing factory activity that was apparent in the government's November report on factory orders and inventories, which declined more than expected, albeit at a slower pace.

Meanwhile, the Institute for Supply Management's nonmanufacturing index was something of a bright spot Tuesday, showing that contraction in the services sector slowed in December, but the National Association of Retailers said pending home sales fell again in November, and the Commerce Department recorded a 4.6% drop in factory orders in November, the fourth straight monthly decline.

Investors took some heart from a report from the Institute for Supply Management, which showed that contraction in the service sector slowed slightly in January.

A series of disappointing US figures did much of the damage, with more than half a million private sector jobs lost in May, a fall in mortgage applications last week and a sharper than expected contraction in the US service sector.

Wall Street capped a shortened trading week on Thursday with a mixed finish after receiving uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment.

For-profits reduced operating expenses more aggressively than not-for-profits but faced even larger reductions in revenues, suggesting a fairly major contraction in the intensity of services provided.

But the outlook was soon reversed and an unexpected contraction of the services sector in December, the first time in two years, again raised fears that the country might not be able to stave off another recession.

Howard Archer at IHS Global Insight says the contraction in eurozone services in March indicates that the area suffered a sixth successive quarter of GDP contraction in the first quarter of 2013.

An official survey on Friday, which focuses on larger, state-owned firms, showed a fifth month of contraction, though a pick-up in the services sector could cushion the impact on the broader economy.

Economists expect that that 2009 deficit will be even narrower as the U.S. recession and global slowdown continues to cause contraction in the trade of goods and services around the world.