non-manufacturing index

Services Sector Index Unexpectedly Rose in July

The Institute for Supply Management's Non-Manufacturing Index showed the vital U.S. services sector expanding faster in July, which means a reduced risk of the nation's economy falling into a double-dip recession. What's more, July%u2019s data also points to an increase in hiring.

Service Sector Grows at Fastest Pace in Two Years

The Institute for Supply Management's Non-Manufacturing Index rose more than expected in February, the best reading in two years. The numbers indicate that the service sector is continuing to expand and provide further evidence that the U.S. economy is recovering.