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Growth in U.S. Service Industries Cools From a 12-Year High
Tuesday, 5 December 2017 22:26 WIB | ECONOMY |Ekonomi AS

Growth in U.S. service industries cooled by more than forecast in November after the fastest expansion since 2005, as orders eased and supply chains normalized following two hurricanes, an Institute for Supply Management survey showed Tuesday.

Highlights of ISM Non-Manufacturing (November)

Non-manufacturing index fell to 57.4 (est. 59) from 60.1; readings above 50 indicate growth.

Index of supplier deliveries fell to 54 from October™s 58 reading that matched the highest since November 2005.

Measure of business activity eased to 61.4 from 62.2; gauge of new orders dropped to 58.7 from 62.8.

16 industries reported growth in November, led by retail and wholesale.

Source: Bloomberg

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