About: http://data.cimple.eu/news-article/15480e09f11d34fc9ea0f555f0f15ad808db1f76638a437801e77851

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/15480e09f11d34fc9ea0f555f0f15ad808db1f76638a437801e77851 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Services industries that dominate the American economy accelerated again in February, despite growing concerns about the coronavirus epidemic, according to an industry survey released Wednesday. A separate report showed hiring by private firms increased faster than expected last month, though US manufacturing slowed due to the interruption of supplies coming out of China, the Institute for Supply Management's (ISM) non-manufacturing report showed. "I've never seen as many comments on one topic as were on coronavirus," ISM survey chief Anthony Nieves told reporters. While he declined to pinpoint dates for the responses to the survey, he said ISM encourages executives to send in their comments as late in the month as possible. ISM's non-manufacturing index rose 1.8 points to 57.3 percent, the highest since February 2019, marking 121 months of expansion. Meanwhile, the new orders index rose sharply to 63.1 percent, which bodes well for activity ahead, according to the survey. Services is by far the largest segment of the US economy, and any reading of the ISM index above 50 indicates growth. Most concerns of respondents were related to disruptions in the supply chain due to the virus outbreak, Nieves said, but he urged observers to keep the things in perspective. "I'm not trying to downplay the severity," he said, but "I think that as long as this does not continue to get to epic proportions within the domestic US we'll be ok from (an) economic perspective." But economists warn the data may not fully reflect the virus impact. "Before the deluge, everything was dry," Ian Shepherdson of Pantheon Macroeconomics said. Meanwhile, payroll services firm ADP reported that private hiring rose 183,000 last month, slightly below the staggering 209,000 in January which was the biggest gain since October 2018. The services sector accounted for the vast majority of the gain, adding 172,000 positions, according to the report. Mark Zandi, chief economist of Moody's Analytics, who helped produce the report, said, "COVID-19 will need to break through the job market firewall if it is to do significant damage to the economy." "The firewall has some cracks, but judging by the February employment gain it should be strong enough to weather most scenarios." hs/cs
schema:headline	US hiring solid in February, services sector accelerates: reports
schema:mentions	Downplay Mark Zandi Supply chain Moody's Investors Service Virus United States China Severe acute respiratory syndrome coronavirus 2 Epic Proportions Interstellar medium Great Firewall Ian Shepherdson Pantheon Macroeconomics Adenosine diphosphate Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software