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Service Industries In U.S. Unexpectedly Expand At Faster Pace
FYI: Service industries such as real-estate firms and restaurants unexpectedly grew at a faster pace in April as the biggest part of the U.S. economy picked up after a weak start to the year. The Institute for Supply Management’s non-manufacturing index rose to 57.8, the highest since November, from 56.5 in March, the Tempe, Arizona-based group’s report showed Tuesday. It surpassed all estimates in a Bloomberg survey of 78 economists. Readings above 50 signal expansion Regards, Ted http://www.bloomberg.com/news/articles/2015-05-05/service-industries-in-u-s-unexpectedly-expand-at-faster-pace
