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U.S. Services Gauge Falls to Five-Month Low as Business Cools
Monday, 7 January 2019 22:10 WIB | ECONOMY |Ekonomi AS

Expansion in U.S. service industries slowed by more than expected in December to end the year on a weaker note as measures of business and employment fell, though new orders remained strong.

The Institute for Supply Management's non-manufacturing index declined to 57.6, the lowest since July and below the median estimate of economists for 58.5, according to a report Monday. The drop was led by the biggest decline in more than a decade for a measure of supplier-delivery times, as well as a decrease in the gauge of business activity. New orders rose to a six- month high.

Bloomberg

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