Service sector activity in the U.S. grew at a slightly faster rate in the month of November, according to a report released by the Institute for Supply Management on Tuesday.
The ISM said its services PMI crept up to 52.7 in November from 51.8 in October, with a reading above 50 indicating growth. Economists had expected the index to inch up to 52.0.
The slightly bigger than expected uptick reflected faster growth in business activity, as the business activity index rose to 55.1 in November from 54.1 in October.
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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.