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U.S. Services Expansion Cooled by More Than Forecast in January
Tuesday, 5 February 2019 22:12 WIB | ECONOMY |Ekonomi ASISM AS

U.S. service industries began 2019 on a softer note as a gauge of new orders dropped sharply in January to a one-year low, though a gain in employment signaled support for demand.

The Institute for Supply Management™s non-manufacturing index fell 1.3 points to 56.7, the lowest since July and below the 57.1 median estimate of economists, a report Tuesday showed. While the gauge held above the 50 line between expansion and contraction, a measure of business activity fell to a six-month low.

Source : Bloomberg

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