U.S. Service-Sector Activity Hits Decade-High

Mony
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A measure of service-sector activity across the U.S. picked up in January to reach a 10-year high, suggesting strong momentum in the sector powering the bulk of the U.S. economy beginning 2018.

The Institute for Supply Management Monday said its index of nonmanufacturing activity—tracking industries including health care, finance, agriculture and construction—rose to 59.9 in January from 56 in December, the best index reading for records dating back to 2008.

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