Economics
Solid Expansion Pace in U.S. Services Shows Firmer Economy
ISM Non-Manufacturing Index Eases to 56.9 in May
This article is for subscribers only.
Industries making up the bulk of the U.S. economy continued to expand at a solid pace in May, adding to signs of steady growth this quarter, a survey from the Institute for Supply Management showed Monday.
While the slower pace of orders represents a pullback from a more than 10-year high reached a month earlier, the index level remains consistent with steady, yet uneven, growth.