Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Service Sector Growth Moderates

TEMPE, Ariz. (UPI) — The U.S. service sector expanded for the 45th consecutive month in September, although at a slower pace than August, a business research group said Thursday.

The Institute for Supply Management said the Purchasing Managers Index for non-manufacturing businesses held above the break-even point of 50, but slipped from 58.6 in August to 54.4.

For the 50th consecutive month, both the Business Activity/Production Index and the New Orders Index indicated they were in an expansion, but both also showed a slower pace of growth. The Activity/Production Index slid from 62.2 to 55.1, while the New Orders Index dropped from 60.5 to 59.6.

New export orders rose for the second consecutive month in September with that index climbing from 50.5 to 57.5. Backlogged orders held steady at 50.5, ISM said.

The index measuring the number of employees dropped from 57 to 52.7.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Service Sector Growth Moderates”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.