One of the main reasons for this acceleration in services activity was that price pressures and supply bottlenecks somewhat eased lately, indicating that the economy may not be in recession, although output has been declining. Given that manufacturing output has been declining with people spending more cautiously owing to soaring commodity prices, a jump in services activity proves that the economy may still not have succumbed to inflationary pressures. FactSet Research Systems Inc. is a leading provider of integrated financial information, analytical applications and industry-leading service for the global investment community.