U.S. Service Firms Grow at Fastest Pace in 6 Months

Before you go, we thought you'd like these...
Before you go close icon

WASHINGTON (AP) — U.S. service companies, which employ nearly 90 percent of the work force, grew in September at the fastest pace since March, driven by more activity and an increase in new orders.

The Institute for Supply Management says its index of non-manufacturing activity rose to 55.1, up from 53.7 in August. Any reading above 50 indicates expansion.

The service sector has grown for 33 straight months, based on the ISM survey. The report measures growth in a broad range of businesses from retail and construction companies to health care and financial services firms.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners