Crunch Time For Services

As the economy heads further into recession in 1991, what sector is going to be the big loser? Early indications are that services--the two-thirds of production not manufactured or mined--are going to be hardest hit. In last year's Industry Outlook, we pointed to weaknesses in services that already suggested a bad year, and we were right. Retailing, fast food, restaurants, advertising, publishing, real estate, and banking had a terrible year, and the chilling prospect is for more of the same.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.