Business Activity

US Services Sector Picks Up Again In April

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Growth in the massive US services sector gained speed in April reversing the slowdown seen in March, the Institute for Supply Management said Wednesday. The ISM non-manufacturing index added 2.3 percentage points, reaching 57.5 percent, and has seen growth for 88 straight months. The index captures activity among all segments of the services sector, the … Read more

US Services Sector Speeds Up In February

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The US services sector, the main driver of the economy, saw growth hit its fastest pace 15 months in February, according to industry data released Friday. The Institute for Supply Management’s Non-Manufacturing Index rose a full point from January to 57.6 percent, seasonally adjusted, the highest reading since October of 2015. The index, which surveys … Read more