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Services Sector Slows But Still Shows Growth

Reuters
Wednesday, 3 Oct 2007 | 11:26 AM ET

The U.S. service sector growth fell more than expected in September, according to a report
released Wednesday.

ISM Data
Inside the numbers, with CNBC's Steve Liesman

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.

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