A reading on U.S. service sector activity climbed by much more than expected in the month of September, reaching its highest level in well over a year, according to a report released by the Institute for Supply Management on Thursday.
The ISM said its services PMI shot up to 54.9 in September from 51.5 in August, with a reading above 50 indicating growth. Economists had expected the index to inch up to 51.7.
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