U.S. Service Industry Grows At Slowest Pace In 17 Months

Service Industry
Service Industry

By CHRISTOPHER S. RUGABER

WASHINGTON -- Restaurants, hotels, retailers and financial companies saw more business in July, but the broader U.S. service industry experienced its weakest growth in 17 months.

The report Wednesday from the Institute for Supply Management confirms other data that show the economy is struggling two years after the recession officially ended.