Service industries in the U.S. expanded at a faster pace in May as a pickup in orders showed companies are confident demand will be sustained after a second- quarter slowdown.
Following is the text of U.S. non-manufacturing conditions from the Institute for Supply Management.
Following is the text of U.S. non- manufacturing conditions from the Institute for Supply Management.
Service industries expanded in March at the slowest pace in seven months and companies added fewer workers than forecast, indicating the U.S. economy is starting to cool.
Service industries in the U.S. expanded in September by the most in six months, underpinning an economy that lost momentum in the first half of the year.
Service industries in the U.S. unexpectedly grew in February at the fastest pace in a year, showing further strength for the biggest part of economy.
Service industries expanded in July at a faster pace than forecast, reflecting an increase in employment that eases the risk U.S. economic growth will slacken in the second half of the year.
U.S. service industries expanded in September at a slower pace than a month earlier, a sign the recovery is struggling to gain speed.
"We're still seeing a little bit of growth, but it's slowed down based on the fact that we've not seen a strong uptick in the levels of business."
- Anthony Nieves on Jun 05, 2013