Economics
Services in U.S. Probably Grew at Fastest Pace in Three Months
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Service industries in the U.S. probably grew in December at the fastest pace in three months, showing the economy picked up as 2011 drew to a close, economists said before a report today.
The Institute for Supply Management’s index of non-manufacturing industries, which account for about 90 percent of the economy, rose to 53 from 52 in November, according to the median projection of 65 economists surveyed by Bloomberg News. The number of applications for jobless benefits fell last week, another report may show.