Service Sector Picked Up, Richmond Fed Reports

Siegel, Ganj E.
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p2
Trade Publication
This article presents information about a recent service-sector activity survey which show that retailers revenue growth picked up a notch in January 2006. It was conducted by the Federal Reserve Bank of Richmond. In January, the service sector revenues index increased to 19% in comparison to 18% in December 2005. The number of employees index reversed to positive 9 from negative 1. In the retail area, excluding services firms, the sales revenue index increased to 16 in January from 13 in December 2005.


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