Secret Site Map
Sunday, July 05, 2015

Home News Service Sector grows in January, ISM Reports

Service Sector grows in January, ISM Reports

The Institute for Supply Management said Wednesday its service sector index rose to 50.5 last month from a revised 49.8 in December.

| February 3, 2010

NEW YORK  - A private trade group says the economy's service sector grew in January for the first time since September while job losses are moderating.

The Institute for Supply Management said Wednesday its service sector index rose to 50.5 last month from a revised 49.8 in December.

Any reading above 50 signals growth. Economists polled by Thomson Reuters had expected a reading of 51. The group's employment index showed job losses moderating. It improved to 44.6 in January from 43.6 in December.

The service-sector gauge is closely watched because service jobs comprise more than 80 percent of non-farm U.S. employment. The service sector is highly dependent on consumer spending, which powers about 70 percent of the economy.
 

Top news

Arrow Exterminators Acquires Hallman Pest Control

Atlanta-based Arrow Exterminators announced the acquisition of Hallman Pest Control of Oneonta, Ala. This strategic location will provide Atlanta-based Arrow the opportunity to expand its footprint in the growing Alabama market.

Rats 'Dream' Paths to a Brighter Future

When rats rest, their brains simulate journeys to a desired future such as a tasty treat, finds new University College London (UCL) research funded by the Wellcome Trust and Royal Society.

Dow AgroSciences Names Hanson Product Manager

Mike Hanson has been named product manager for the ActiveSense Remote Monitoring System under development by Dow AgroSciences.

Marathon Data Systems Rebrands as WorkWave

The company also announced the acquisition of Foxtrax GPS, a cloud-based leader in fleet tracking technology.

Massey Services Named an OBJ 'Best Place to Work'

This is the second consecutive year and fifth year in the last nine that Orlando-based Massey Services has been named to the Orlando Business Journal's list.

x