U.S. Service Sector Growth Unexpectedly Slows In March finanzen.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanzen.ch Daily Mail and Mail on Sunday newspapers.
Activity in the US services sector cooled further last month, according to survey data published Wednesday, as new orders slowed and employment in the sector contracted. The services data came in below market expectations, according to Briefing.com, but still it remained above the 50-point mark separating growth from contraction in the sector for the 15th month in a row.
Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI dipped to 51.