Rebound in Services Index Signals Expansion


The U.S. services sector, like its sister sector manufacturing, is showing an increase in activity, which bodes well for the U.S. economy. The Institute for Supply Management's Non-Manufacturing Index, also known as the services index, rose to 50.1 in December from 48.7 in November, the ISM announced Wednesday. Readings above 50 indicate an expansion; below 50, a contraction.