Services Sector Continues To Expand

Washington, DC, April 5, 2011 -- The Institute for Supply Management's services-sector index for March fell to 57.3% from 59.7% in February.

Economists expected the ISM services index to fall to 59.0% last month from February's number, which was the highest level in six years.

Any reading over 50% indicates that more firms are expanding than contracting.