ISM non-manufacturing index rose more than expected in September

Note: This section contains information in English only.
Source: Bloomberg
The Institute for Supply Management's index of U.S. non-manufacturing sector increased to the highest level in six months. The figures rose to 55.1 in September from 53.7 in the prior month, beating analysts' expectations of 53.4. The reading follows factory data, which showed that manufacturing rose in September for the first time in 4 months. The ISM factory index increased from 49.6 a month earlier to 51.5.

"Business activity in the services, construction, and government sectors of the economy accelerated in September but these sectors are growing at only a moderate pace," said Steven Wood, President and Principal Economist at Insight Economics LLC.

"Growth in the third quarter was slightly better than it was in the second quarter."

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