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Service-Sector Activity Edges Up in February

Wall Street Journal (03/04/15) Kathleen Madigan

The Institute for Supply Management’s nonmanufacturing purchasing managers index was 56.9 last month, up from 56.7 in January and 56.5 in December. Experts polled by the Wall Street Journal had forecast a reading of 56.2. The employment index went up to 56.4 from 51.6 in January, and the new orders index dropped to 56.7 from 59.5.

“The report bodes well for nonmanufacturing,” said Anthony Nieves, who oversees the ISM survey.