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

Deregulation: Miran Signals a Path to Lower Prices

Federal Reserve Governor Stephen Miran underscored the powerful role deregulation is playing in reshaping the …