Secret Site Map
Saturday, October 25, 2014

Home News Service Firms Grows at Fastest Pace in a Year

Service Firms Grows at Fastest Pace in a Year

News Coverage

The growth is a result of higher sales and more new orders, the Institute for Supply Management reports.

| March 7, 2013

photo: iStock

WASHINGTON — U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales and more new orders.

The Institute for Supply Management says its index of non-manufacturing activity rose to 56 in February from 55.2 in January. Any reading above 50 indicates expansion.

The report measures growth in industries that cover 90 percent of the work force, including retail, construction, health care and financial services.

Firms kept adding jobs last month, although at a slightly slower pace. A gauge of hiring dipped a nearly seven-year high in January.

Service firms, including construction companies, added an average of 195,000 jobs from November through January, according to government data. The Labor Department will report on February hiring Friday

Top news

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

NPMA Looks to the Future During PestWorld Opening Ceremony

More than 3,000 industry professionals from 80-plus countries have traveled to Orlando, Fla., for PestWorld ’14. The Opening Ceremony, sponsored by Bayer, featured musical act Rhythm Extreme.

Convention Q&A: Billy Tesh

PCT Editor Jodi Dorsch sat down with the NPMA president to learn more about the association's new initiatives, rapid changes that are occuring and the future of NPMA — including its search for a new EVP.

Slideshow: PestWorld 2014

Photos taken by the PCT staff from the first few days of NPMA PestWorld 2014

x