Economy And The Numbers
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

U.S. Service Sector Continues To Expand In January

2/5/2013 10:08 AM ET

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

comments powered by Disqus