Growth in the U.S. services sector fell more than expected and reached its slowest pace in more than a year, according to data from the Institute for Supply Management.
div > div.group > p:first-child"> The ISM non-manufacturing index fell to 56.1 in March, down from 59.7 in February. Economists polled by Refinitiv expected the index to dip to 58.
"The non-manufacturing sector's growth cooled off in March after strong growth in February," said Anthony Nieves, chair of the Institute for Supply Management, in a statement."Respondents remain mostly optimistic about overall business conditions and the economy. They still have underlying concerns about employment resources and capacity constraints."
New orders, a key component of the overall index, fell by 6.2 points last month to 59. Meanwhile, prices increased by 4.3 points to 58.7.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. manufacturing rebounds in March, ISM index showsThe Institute for Supply Management said Monday its factory index rose to 55.3 in March after hitting a two-year low in February.
Read more »
Manufacturing activity rebounds in March, construction spending hits 9-month high in FebruaryU.S. manufacturing activity rebounded a bit more than expected in March, according to an industry report released on Monday, as production, new orders and hiring all picked up.
Read more »
Ranking Roger, English Beat founder and frontman, dead at 56Roger Charlery, known as Ranking Roger, was lead singer of the influential ska band the English Beat. He'd been diagnosed with brain tumors and lung cancer.
Read more »
Chicago Has Elected A Black Woman As Mayor For The First TimeLori Lightftoot, 56, is a former federal prosecutor and campaigned on ending corruption.
Read more »
Amber alert: Missing girl Lauryn Sizemore may be headed to Texas with step-grandfatherMissing 16-year-old girl Lauryn Sizemore may be with her step-grandfather Glenn Eugene Harper, 56, and heading with him to Texas.
Read more »
CNN Poll: Majority says Trump not exonerated of collusion after Barr's summaryThough President Donald Trump has claimed 'complete and total exoneration' based on Attorney General William Barr's summary of special counsel Robert Mueller's report on Russian interference in the 2016 election, the American public disagrees, according to a new CNN Poll conducted by SSRS.
Read more »
Chicago votes to choose between two black women for mayorChicago voters went to the polls on Tuesday to choose between two African-American women running for mayor, with the winner of the historic vote inheriting a city steeped in violent crime and wracked by fiscal woes. Lori Lightfoot, 56, the former president of independent civilian body the Chicago Police
Read more »
Donald Trump’s reported contender for border czar wrote one of America’s most “mean-spirited” anti-immigration lawsKris Kobach once lent a hand in the creation of Alabama HB 56. The 2011 law is seen as one of the strictest anti-immigration policies in the nation.
Read more »