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06.01.2014 16:06:36
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U.S. Non-Manufacturing Index Shows Unexpected Decrease In December
(RTTNews) - Activity in the U.S. service sector unexpectedly grew at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Monday.
The ISM said its non-manufacturing index edged down to 53.0 in December from 53.9 in November, although a reading above 50 still indicates growth in the service sector.
The modest decrease came as a surprise to economists, who had been expecting the index to creep up to a reading of 54.8.
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