Economics
Service Industries in U.S. Grow at Fastest Pace in 10 Months
This article is for subscribers only.
Service industries in the U.S. expanded in December at the fastest pace in 10 months, helping spur the world’s largest economy at the end of 2012.
The Institute for Supply Management’s non-manufacturing index climbed to 56.1 last month from 54.7 in November, the Tempe, Arizona-based group said today. Economists projected the gauge would drop to 54.1, according to the median estimate in a Bloomberg survey. Readings above 50 signal expansion.