Services Sector Slows But Still Shows Growth
By: Reuters
The U.S. service sector growth fell more than expected in September, according to a report
released Wednesday.
The Institute for Supply Management's services index fell to 54.8 last month from 55.8 in August. Economists polled by Reuters had forecast a median result of 55.0 for September. A
number above 50 indicates growth.
The services sector represents about 80 percent of U.S. economic activity, including businesses such as restaurants, hotels, banks and airlines.
The U.S. service sector growth fell more than expected in September, according to a reportreleased Wednesday.
