The significant increase in service activities in September was an encouraging surprise given the growing concerns over slowing growth. The Institute for Supply Management said on Thursday that its service sector index grew to 54.9 in September from 51.5 in August. That was the fastest pace of growth ... READ MORE >
service sector
Service sector extends growth in September
The service sector posted another steady month of growth in September as business activities rose at the fastest rate in three months, the Institute for Supply Management reported on Wednesday. Except for last December, the sector has expanded in 39 of the past 40 months, a key support for the economic ... READ MORE >
U.S. service sector expands in back-to-back months
The service sector continued its strong growth in February on the heels of robust new orders, business activity and improvement in inventories. The U.S. service purchasing managers index registered at 55.1, only slightly lower than the 55.2 in January, according data released Friday by the ... READ MORE >
Service sector grew faster in July, beating forecasts
The service sector grew faster than expected in July on the back of broad-based increasing business activities and new orders, the Institute for Supply Management reported on Wednesday. The top-line composite index inched up to 56.7 in July from 55.3 in June, the 26th consecutive month of expansion ... READ MORE >
Chart of the day: Service sector expands at record pace
The shift back to spending on services continued to accelerate in November as the headline purchasing managers’ index for services reached an all-time high, according to data released by the Institute of Supply Management on Friday. The headline index rose to 69.1 on the month from 66.7, the third ... READ MORE >