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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.