It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Tuesday, April 23, 2013

Richmond fed issues a companion service sector survey, as well


Fifth District Survey of Service Sector Activity - Federal Reserve Bank of Richmond

Activity in the service sector weakened in April, according to the latest survey by the Federal Reserve Bank of Richmond. Retail sales dropped and revenues declined at non-retail services firms. Big-ticket sales at retail establishments fell and shopper traffic decreased, although the retreat in those gauges was less severe than a month ago. Retail inventories edged up.
Service sector employment also dropped this month, with reductions at retail establishments and services providing firms. Although the number of employees fell, average wages in the sector grew somewhat faster.
The rate of price growth rose moderately across the service sector; survey participants expected the pace of price change over the next six months to edge up slightly from the current month's averages.

No comments:

Post a Comment