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US Service Sector Grows At Slowest Pace In 2 Years

by AP posted Jul 5 2012 11:25AM
     WASHINGTON (AP) - U.S. service companies, which employ roughly 90 percent of the economy, grew in June at the slowest pace in nearly two and a half years, adding to worries that the economy has weakened. 
 
     The Institute for Supply Management says its index of non-manufacturing activity fell to 52.1 last month from a May reading of 53.7. That's the lowest reading since January 2010.
 
     Any reading above 50 indicates expansion. 
Filed Under :
Topics : Business_Finance
Location : Washington
07/05/2012 11:25AM
US Service Sector Grows At Slowest Pace In 2 Years
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