Filed under: Good news, Products and services, Industry, Economic data

We’ve good news to report. The Institute for Supply Management reported that the services sector index rose to 50.9 in September from a reading of 48.4 in August. A reading above 50 indicates expansion.

The services sector accounts for a majority of economic activity.

The business activity index also rose to 55.5 in September from 51.3 in August. Both readings indicated an expansion of business activity.

Continue reading Services sector expands in September

Services sector expands in September originally appeared on BloggingStocks on Mon, 05 Oct 2009 16:20:00 EST. Please see our terms for use of feeds.

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This entry was posted on Tuesday, October 6th, 2009 at 3:55 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.