Services index returns to growth

The service sector of the United States' economy moved back into growth territory, according to a survey of companies released Wednesday by the Institute for Supply Management.

The ISM nonmanufacturing index rose to 50.5% from 49.8% in December.

Despite moving back into growth territory, the gain was not as robust as had been forecast. Economists surveyed by MarketWatch predicted the ISM nonmanufacturing index would rise to 51%.

Read Full Article from MarketWatch

- Posted: 2010-02-03 11:43:24

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