U.S. Economy: Service Industries Grow for First Time in a Year
By Shobhana Chandra
Oct. 5 (Bloomberg) -- U.S. service industries expanded in September for the first time in a year as the emerging recovery spread from housing and factories to the broader economy.
The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 50.9, higher than forecast, from 48.4 in August, according to the Tempe, Arizona-based group. Fifty is the dividing line between expansion and contraction.
U.S. Economy: Service Industries Grow for First Time in a Year - Bloomberg.com
Shared via AddThis
Monday, October 5, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment