In the meantime, Guangzhou is working to build up a financial-services and technology sector to offset its dependence on manufacturing.
Total output from Germany rose for the first time in eight months "though the increase was only very modest as an upturn in the service sector was offset by a faster decline in manufacturing production", the survey said.
This reduction in spending by the private sector must be offset by increased spending by the government.
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The government-appointed body's chairman Robert Chote also said that the creation of one million private sector jobs in that time would "more than offset" falling public sector employment.
Moreover, increased private-sector pay might be offset by longer hours, higher health care costs, and even higher taxes.
And employment, while finally growing in the private sector, is being offset by the downsizing of state and local governments across the country.
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Operators of Aberdeen International Airport said the drop in numbers in the helicopter sector last month was offset by growth in domestic and international fixed-wing passengers.
The public sector shed 13, 000 jobs, mainly at the local level, but this was more than offset by the private sector.
Growth of output in the manufacturing sector was only moderate, while a marginal rise in new orders offset the fall in new business reported by the service sector.
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Property-sector losses in Hong Kong were offset by strength for index heavyweight China Mobile, which ended up 0.5% after the world's biggest cellular service operator by subscribers reported a 5.2% increase in 2011 profit.
The job creation of 120, 000 (or 140, 000 private sector) is barely enough to offset the new entrants to the work force and about 50, 000 of these are likely seasonal hires that will disappear partly or completely come January.
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Growth in low-price segments and international markets has offset weakness in the corporate sector, but he thinks this trend will stall driving results well below consensus expectations.
The government's rampant borrowing would be less worrying were it offset by saving in the private sector.
Government spending had to ramp up, as you all suggested and we believed, had to ramp up to offset the contraction of the private sector spending as well as demand -- which, by the way, was a difficult concept to translate and transmit to the American people.
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The breakdown in China FAI shows that infrastructure and property investment remained strong, which offset a further slowdown in the manufacturing sector.
"The only good sign on jobs for the year has been that state and local governments have been adding jobs, which only mildly offset the great loss in the private sector, " Frank said.
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It was a mixed day for the markets with stocks traded mostly flat, but drifting lower later in the day, as the latest jobless numbers suggest an improvement in the employment picture, but that was offset by disappointing numbers from the housing sector.
The result: slow recovery of the private economy, weak consumer demand, paltry job growth -- considerably offset by continuing job shrinkage in the public sector.
Again, the idea is to try to offset the effects of a retrenching consumer and business sector and give the overall economy time to recover.
The ministry said the rebound was helped by growth in the biomedical manufacturing and transport engineering sectors, which helped offset a decline in the output of the electronics sector.
The resulting booming economy of the 1990s allowed government spending cut-backs to be offset by significant growth in private industry, particularly in the technology sector.
The report said that towns and cities with less dynamic private sectors, such as Hull, Doncaster and Newport, would find it more challenging to offset the weak national economy and the ongoing shrinkage of the public sector.
The company noted that it expects some Q4 weakening of brand advertising from the auto sector, where Japanese car makers cut spending, but that the impact should be offset by growth in other sectors.
The new data from Sageworks comes as the latest reading on U.S. manufacturing activity showed that the sector continued to grow only modestly in August as increased domestic new orders were partly offset by another drop in new export orders.
We believe any potential sector-wide multiple expansion will have to follow prolonged demonstrated growth in digital as an offset.
For the IT panel sector, the continuation of weak demand for panels used in notebook PCs and monitors was offset by strong demand for tablet PC panels.
The company added that while the fourth quarter would benefit as usual from the boost in seasonal sales, that would be offset by inventory destocking by its customers and a continued softening of the construction sector.
Profit in its Fossil Power Generation sector was the strongest, with profit up 10% to 407 million, as good project executive offset the lower new orders compared to a year ago.
Even more important, those new jobs were largely the result of growth in the private sector, in construction, manufacturing, retail, and health care, gains that were substantial enough to offset the continuing cut-backs in government payrolls.
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