Home / Market Update / US Service Sector Slows in October

US Service Sector Slows in October

The Institute for Supply Management’s (ISM) services index decreased in October to 56.6 from 57.8 in September, data showed on Wednesday.

This is the lowest expansion for the United States services sector in five months, as the economy recovers from the impact of the COVID-19 pandemic.

Check Also

Oil Jumps Over 2% as Iran Reviews U.S. Proposal Amid Persistent Market Volatility

Oil prices rebounded by more than 2% in Asian trading on Thursday, as markets reacted …