Bekker's Blog

Blog archive

A Silver Lining in a Cloudy Report

Granted an economic slide isn't good for anyone. But it does appear that computer services companies escaped the grip of a service sector contraction in January.

The Institute for Supply Management issued its January report on the service sector on Tuesday. When the institute's monthly index is above 50, it means growth in the service sector, which accounts for about two thirds of the economy. An index score below 50 is a contraction. The index for January was 44.6.

It was the first reading below 50 since December 2001, and the report helped trigger a 370-point slide in the Dow Industrial Average on Tuesday by feeding into stock traders' fears that we're in a recession.

The institute divides the service sector into 17 categories. Fourteen sectors contracted in January, three showed growth. Among those three, the category that would include many service-related channel partners -- "Professional, Scientific & Technical Services."

The report is available here.

Posted by Scott Bekker on February 05, 2008 at 11:57 AM


Featured

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

  • Microsoft Rolls Out SQL Server 2019 RC1

    The first release candidate of the forthcoming SQL Server 2019 product can now be downloaded from Microsoft's Evaluation Center page.

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.

  • Microsoft, Tech Leaders Back Confidential Computing Consortium

    The Linux Foundation on Wednesday announced the formation of a new group that aims to ensure the security of processed data.

RCP Update

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.