Economic activity in the U.S. service sector continued to expand in the month of January, according to a report released by the Institute for Supply Management on Tuesday, although the report also showed a slowdown in the pace of growth.
The ISM said its non-manufacturing index edged down to 55.2 in January from a revised 55.7 in December, with a reading above 50 indicating continued growth in the service sector.
Economists had been expecting the index to slide to 55.1 from the 56.1 originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.