Service Industries in U.S. Grow at Fastest Pace in 13 Months
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America’s service industries expanded in November at the fastest clip since October of last year, putting the economy’s biggest sector on a robust growth path.
The Institute for Supply Management’s non-manufacturing index jumped to 57.2, exceeding all forecasts in a Bloomberg survey, from 54.8 in October, the Tempe, Arizona-based group’s data showed Monday. Readings above 50 signal growth. The median forecast called for 55.5.