Fewer Americans applied for unemployment benefits over the past month than at any time in seven years, a sign of a healthier labor market that’s helping brighten consumer sentiment.
Service providers from construction companies to retailers expanded in May at the fastest pace in nine months, signaling a broad-based rebound in the U.S. economy after a dismal first quarter.
Service industries in the U.S. grew at a slower pace than forecast in February as employment slumped by the most in more than five years, showing frigid temperatures have caused the economy to struggle.
Services, the biggest chunk of the U.S. economy, picked up in April as gains in orders and sales signaled even faster growth ahead.
Service industries picked up in March as the biggest part of the U.S. economy began to recover from the unusually harsh winter weather, showing growth will speed up in the second quarter.
Manufacturers in the U.S. are more optimistic about demand and capital spending this year than at the end of 2013, according to a survey by the Institute for Supply Management.
Service industries expanded in September at a slower pace than forecast as more corporate purchasing managers grew apprehensive about the U.S. economy leading up to the government shutdown.
Following is the text of U.S. non-manufacturing conditions from the Institute for Supply Management.
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.
"We're not getting feedback from our respondents that they're starting to see inflation."
- Anthony Nieves on Jul 03, 2014
ISM's Nieves Says Services Index Shows Strength