Service Industries Slowing Down

The service industries from US reported a small victory in January, by slowing at a slower pace than forecasted. The Institute for Supply Management’s index of non- manufacturing businesses, which compose almost 90 percent of the economy, increased to 42.9 from 40.1 in December. Figures below 50 signal a contraction. This could indicate a turning point in the natural curve […]

Retail sales drop

Here we go further in the crisis. As mentioned a few months ago, this December was supposed to be a sad one for the retailers – and the poor figures confirm this. U.S. retailers’ sales declined last week the most in almost six years as steeper markdowns before and after Christmas failed to salvage what may be the worst holiday […]