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Friday, 3 October 2014

U.S. service sector growth slips in September: ISM survey

Worker stocks merchandise at the Wal-Mart Superstore in the Porter Ranch section of Los Angeles NEW YORK (Reuters) - The pace of growth in the U.S. services sector fell in September to its lowest level in three months but employment hit a nine-year high, according to an industry report released on Friday. The Institute for Supply Management said its services index fell to 58.6 last month from 59.6 in August, which was its highest level since its inception in January 2008. The September reading was slightly above economists' forecasts for 58.5, according to a Reuters survey. A reading above 50 indicates expansion in the sector. Its index of business activity fell to 62. ...








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