A gauge of U.S. service firms' activity expanded in December by the most in nearly a year, driven by a jump in new orders and hiring.
January 04, 2013 at 12:00 AM
1 minute read
A gauge of U.S. service firms’ activity expanded in December by the most in nearly a year, driven by a jump in new orders and hiring.
The Institute for Supply Management said Friday that its index of non-manufacturing activity rose to 56.1 in December from 54.7 in November. That’s the highest level since February and above the 12-month average of 54.7. Any reading above 50 indicates expansion.
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