Monday, March 05, 2007

Forex News: 05.03.2007 U.S. services sector show slower growth in February

The nation's service sector expanded in February but the 54.3 reading was slower than analysts had been expecting.

The Institute for Supply Management said its index of business activity in the service sector was down from 59.0 in January. Analysts had expected a reading of at least 57.0 for the latest month.

A reading above 50 indicates expansion, while one below that indicates contraction.

February marked the 47th consecutive month of business activity growth.


Post a Comment

<< Home