TITLE

Richmond Fed: Service Sector Cooled

AUTHOR(S)
Siegel, Gary E.
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/26/2006, Vol. 357 Issue 32431, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Federal Reserve Bank of Richmond has indicated that activity in the broad service sector has declined in July 2006. Overall, the service sector revenues index dropped to negative 3 in July 2006 from a positive 14 in June 2006. The number of employees index declined to 2 from 5, the average wage index dropped to 15 from 16, and the product demand during the next six months index slid from 23 to 20.
ACCESSION #
21801063

 

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