services index

The ISM services index grew at a better-than-expected pace in September, signaling continued economic growth -- and lowering the risk of a double-dip recession. Stock markets are reacting with a powerful surge.

According to the Institute for Supply Management, service sector businesses grew for the fifth straight month in May, and added more jobs than they shed for the first time since early 2008. Meanwhile, manufacturing's upswing continues.

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.

The U.S. economy hit an unexpected pothole on the road to recovery last month, as the Institute for Supply Management's Non-Manufacturing Index fell to 48.7 in November from 50.6 in October, the ISM announced Thursday. Readings above 50 indicate an expansion; below 50, a contraction. It was the...

The U.S. services sector, like its sister sector, manufacturing, continues to exhibit improvement -- something that bodes well for the U.S. economy. The Institute for Supply Management's Non-Manufacturing Index, also known as the services index, rose to 50.9 percent in September from 48.4 percent...

The U.S. services sector continues to display "green shoots," signs of modest improvement. This bodes well for the U.S. economy. The Institute for Supply Management's Non-Manufacturing Index, also known as the services index, rose to 47.0 in June from 44.0 in May, the ISM announced Monday....