Similar Stories to Us Services Firms Expand Rapidly, Lifted By Strong Sales on Bing News

WASHINGTON (AP) — U.S. services companies expanded at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains. The Institute for Supply Management says that its services index slipped to 59 from 60.3 in the previous month. July's reading was the highest in a decade, and any reading over 50 indicates expansion. The index remains at a high level despite the decline and suggests that Americans have been spending freely at retail stores, hotels, restaurants and other firms that make up the index.

Topics:  washington ap     u.s   august   the institute   supply management   ism    a   services   firms   expand   lifted   sales   index   level   reading   spending   
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