Services Sectors Grows More Than Expected
Washington, DC, June 4, 2014 -- Growth picked up last month for the U.S. service sector, according to the Institute for Supply Management.
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ISM said its non-manufacturing index rose to 56.3% in May from 55.2% in April. That was the highest reading since last August.
Economists expected a May reading of 55.5%. Readings over 50% indicate expansion.