US Services Sector Maintains Fastest Growth Since 2024
A barista hands a customer a drink at a coffee shop in Sacramento, California.
Photographer: David Paul Morris/BloombergUS service providers registered the strongest back-to-back growth since 2024 last month as business activity picked up.
The Institute for Supply Management’s index of services was unchanged at 53.8 in January, matching the highest since October 2024, according to data released Wednesday. Readings above 50 indicate expansion in the largest part of the economy.