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U.S. Service Sector Seen Expanding More Quickly

Wall Street Journal (11/04/15) Harriet Torry

The U.S. service sector in October grew at a faster pace than in September, according to the Institute for Supply Management. The ISM’s nonmanufacturing purchasing-managers index rose from 56.9 in September to 59.1 in October, a three-month high. Employment rose from 58.3 in September to 59.2.

Separately, data provider Markit said its service-sector composite fell from 55.1 in September to 54.8 in October.