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U.S. SERVICES SECTOR ACTIVITY SURGES TO 11-MONTH HIGH


U.S. services sector activity rebounded to an 11-month high in September, an encouraging sign for economic growth that may increase the prospect of a Federal Reserve interest rate hike this year. The Institute of Supply Management (ISM) said on Wednesday its non-manufacturing activity index surged to a reading of 57.1, the highest level since October 2015. Last month's reading followed a disappointing drop in August. Economists polled by Reuters had forecast the index rising to 53.0.

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#USServices #ISM #economic

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