Although CFOs plan to increase their spending in the next year, it won’t be as much as it has been in previous years. A CFO.com article reports that U.S. CFO optimism has declined from the previous quarter. Even if interest rates fall further, more than eight in 10 CFOs said they would not initiate or expand their company’s investment plans.

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Service industries in the U.S. got a positive boost when their July numbers showed more expansion than in the previous month, Businessweek.com reported recently. However, this growth is tempered by ongoing political and economic challenges. Experts see the growth as a good sign. Hopefully companies will feel comfortable enough with the economy to make investments in people and technology.

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The service sector is leading the way in the economic recovery. Three years after the recession officially ended, more than 70 percent of the service industries jobs lost have returned, according to an article on USAToday.com. The service industry also is seeing an increase in the number of smaller firms, from attorneys to CPAs, tax services and financial planning.

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