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U.S. Service Index Falls More Than Expected In March

4/4/2012 10:06 AM ET

While activity in the U.S. service sector continued to expand in the month of March, the Institute for Supply Management released a report on Wednesday showing that the pace of growth in the sector slowed by more than economists had anticipated.

The ISM said its non-manufacturing index fell to 56.0 in March from 57.3 in February, although a reading above 50 indicates continued growth in the service sector. Economists had been expecting the index to edge down to a reading of 57.0.

by RTT Staff Writer

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