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

Carney Stands Firm Against Trump’s Tariff Threats as Trade Talks Begin

Canadian Prime Minister Mark Carney and US President Donald Trump locked horns in a tense …