Services Sector Slows But Still Shows Growth
The U.S. service sector growth fell more than expected in September, according to a report
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.