GO
Loading...

INSTANT VIEW 1-U.S. service sector picks up in Sept-ISM

Wednesday, 3 Oct 2012 | 10:08 AM ET

NEW YORK, Oct 3 (Reuters) - The pace of growth in the vast U.S. services sector picked up in September as new orders accelerated, though employment cooled, an industry report showed on Wednesday.

STORY: COMMENTS:

STEPHEN STANLEY, CHIEF ECONOMIST, PIERPONT SECURITIES, STAMFORD, CONNECTICUT

"It's in line with the factory report on Monday. We have seen a few reports now that seem to show things might have picked up in September, although it's not a strong improvement. Perhaps people are feeling better even though businesses are not. We have not broken out of the 1 to 2 percent growth range for this year."

MARKET REACTION: STOCKS: U.S. stocks slipped .

(Americas Economics and Markets Desk; +1-646 223-6300)

Keywords: USA ECONOMY/ISM