US services sector rises less than expected

Source: EconoTimes
According to the Institute for Supply Management's report, the US non-manufacturing index dropped to 56.9 points in September from August's 59.0 points. Although the figure was not in line with analysts' forecast of 58.0 points, it nevertheless remained above the 50-point handle, indicating the service sector's growth. Business activity and new orders both tumbled in September, with 60.2 and 56.7 points, respectively, while the employment index rose to 58.3 points.
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