US services sector grows for seventh consecutive month

The Institute for Supply Management has reported that its index of services activity grew slightly to a reading of 57.2 last month, from a reading of 55.9 in November. Readings above 50 represent expansion in services industries such as restaurants and bars, retail stores and delivery companies.

Posted 1/13/21

Respondents to the December ISM survey continued to express anxiety about the ongoing ramifications of COVID-19. The U.S. recorded nearly 4,000 COVID-19 deaths in a single day, the most ever.

The …

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