U.S. Service Industries Expansion Slows in December

The video discusses the recent changes in the service industry index, which decreased from 59.3 in November to 56.2. Despite this, new orders remain strong at 58.9, indicating continued growth. The employment index is stable at 56, suggesting a positive outlook for the job market. Overall, the US economy remains a bright spot globally, even though growth slowed slightly in December compared to November.

What was the index value for the service industries in November?

• 56.2

• 59.3

• 58.9

• 61.4

How did the new orders index change from its peak?

• It increased to 61.4

• It decreased to 58.9

• It remained at 59.3

• It dropped to 56.2

What was the employment index value compared to the previous period?

• It decreased to 56

• It increased to 58.9

• It dropped to 54.7

• It remained virtually unchanged at 56

Which sector is mentioned as holding steady in the economic overview?

• Technology

• Retail

• Manufacturing

• Agriculture

How did the US economy perform in December compared to November?

• It grew faster

• It grew at the same rate

• It grew slower

• It did not grow