U.S. services firms show resilience from manufacturing recession

By The Wall Street Journal

Mar 11, 2016

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The U.S. service economy, while slowing, is avoiding the contraction seen across the nation’s industrial sector.

Total revenue across a dozen broad categories of service industries rose an estimated 2.1% in the fourth quarter from a year earlier, the Commerce Department said Thursday. That was a step down from annual revenue growth of 3.1% in the third quarter and 4.1% in the second quarter but far better than the retrenchment hitting American factories.

Read the full story on wsj.com.