Service sector in US expanded, but at a slower pace

Note: This section contains information in English only.
Source: Bloomberg
The Institute for Supply Management's non-manufacturing index declined by 0.9 to 54.2, but remained above 50 mark which separates contraction and expansion states of the industry. At the same time service sector employment reached seven month high after last weeks employment numbers pointed at stronger US labor market. Specialist stress out that companies like Macy's and Kohl's will benefit from increased employment while home-builders will see a recovery of demand which should compensate for slowing manufacturing sector.
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Tue, 06 Nov 2012 07:43:19 GMT

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