AGL 39.15 Decreased By ▼ -0.85 (-2.13%)
AIRLINK 127.85 Decreased By ▼ -1.21 (-0.94%)
BOP 6.80 Increased By ▲ 0.05 (0.74%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.57 Increased By ▲ 0.02 (0.23%)
DFML 40.98 Increased By ▲ 0.16 (0.39%)
DGKC 82.15 Increased By ▲ 1.19 (1.47%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 74.35 Decreased By ▼ -0.08 (-0.11%)
FFL 11.82 Increased By ▲ 0.08 (0.68%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.20 Increased By ▲ 0.45 (3.27%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.52 Decreased By ▼ -0.20 (-2.59%)
MLCF 39.15 Increased By ▲ 0.55 (1.42%)
NBP 63.65 Increased By ▲ 0.14 (0.22%)
OGDC 193.20 Decreased By ▼ -1.49 (-0.77%)
PAEL 25.62 Decreased By ▼ -0.09 (-0.35%)
PIBTL 7.32 Decreased By ▼ -0.07 (-0.95%)
PPL 153.57 Decreased By ▼ -1.88 (-1.21%)
PRL 25.43 Decreased By ▼ -0.36 (-1.4%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 82.62 Increased By ▲ 3.97 (5.05%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.42 Decreased By ▼ -0.31 (-0.92%)
TPLP 8.40 No Change ▼ 0.00 (0%)
TREET 16.44 Increased By ▲ 0.17 (1.04%)
TRG 56.50 Decreased By ▼ -1.72 (-2.95%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,505 Increased By 59.4 (0.57%)
BR30 31,098 Decreased By -91.1 (-0.29%)
KSE100 98,257 Increased By 459.1 (0.47%)
KSE30 30,687 Increased By 206.4 (0.68%)

The US services sector grew robustly in February but the expansion slowed from the prior month's record, an industry survey showed on Wednesday.
The Institute for Supply Management's non-manufacturing index fell to 60.8 in February from 65.7 in January, short of Wall Street estimates of a dip to 63.0. A number above 50 indicates growth.
"The one area of concern is the employment index which moderated in the month, which suggests continued subdued job growth," said Sal Guatieri, senior economist at BMO Financial Group.
The survey's employment index slipped in February to 52.7 from 53.4 in January, suggesting an improving but still sluggish labour picture. Growth in new orders eased, with that index edging lower to 60.3 from 64.9.
The services sector includes everything from restaurants and hotels to banks and airlines.
Many economists believe that, given the migration of many manufacturing jobs abroad, a long-awaited revival of the US labour market will have to take place in the service sector.

Copyright Reuters, 2004

Comments

Comments are closed.