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by Steve Rucinski on June 5, 2006
Here is the latest from one analyst:
By PETER SVENSSON, The Associated Press via the San Francisco Examiner
The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday.
The report offered a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply Management indicated concern about the prices of raw materials and fuels.
The ISM index of non-manufacturing activity was 60.1 in May, down from 63 in April. The latest reading matched analysts' expectations.
A reading of 50 and above points to growth, while a figure below 50 signals contraction.
How is the service economy in your part of the world?
Permalink: Service Economy Slowing???
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/23611
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