Services Sector Expands at Slower Pace in August

Washington, DC, Sept. 3, 2010--Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reported Friday.

Economists had expected the reading to slow to 53.5%. A reading above 50 indicates expansion, while a reading below 50 indicates a decline.