Description: U.S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy.
Keys: Cash flows (p355), Growth (p586)
Questions for discussion:Â
- Why is the service industry index a useful measure of business growth?
- Do you believe that the economic expansion was only temporary or the start of a new business cycle?
- How will this affect financial planning over the next six months? Explain your thinking.