Pursuits
Surprise Services Pickup Shows Overcoming Shutdown: Economy
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Service industries in the U.S. unexpectedly accelerated in October, a sign the biggest part of the economy is overcoming the policy gridlock that partially shut down the federal government.
The Institute for Supply Management’s non-manufacturing index increased to 55.4 from 54.4 in September, the Tempe, Arizona-based group said today. Readings greater than 50 indicate growth. The median estimate in a Bloomberg survey of economists was for a drop to 54.