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ISM Services Index Rises To 40.6 For December
(RTTNews) - The Institute for Supply Management said Tuesday that its index of non-manufacturing activity came in at 40.6 for December, up from the 37.3 recorded for the previous month.
The result still indicated that the country’s services businesses contracted during the month, with any index reading below 50 pointing to shrinkage in the sector.
Only one industry showed growth during the month, according to the ISM report, with 17 reporting contraction. Retail trade was the lone source of growth in December.
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Posted in Categories: Economy, Releases, USA.
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