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U.S. Services Gauge Climbs to Five-Month High on Gain in Orders

Wednesday, 5 February 2020 22:26 WIB Ekonomi AS ISM Non-Manufacturing

Firmer business activity and orders helped lift a gauge of U.S. service providers to a five-month high in January, indicating steady growth in the broader economy at risk of wavering amid mounting concerns about the coronavirus. The Institute for Supply Management's non-manufacturing index climbed to 55.5, exceeding the median projection in a Bloomberg survey of economists, from 54.9 a month earlier, according to data issued Wednesday. A measure of business activity climbed to an almost one-year high. The subindex, which parallels the group's index of factory production, has jumped 8.6 points in the last two months, the biggest gain in 11 years. The...

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