America service industries expanded in January at the fastest pace in at least a decade as a surge in orders led to a pickup in hiring, figures from the Institute for Supply Management showed Monday.
Factory index jumped to 59.9 (est. 56.7), exceeding all forecasts in a Bloomberg survey, from 56; readings above 50 indicate expansion.
Employment gauge rose to 61.6, the strongest in records to July 1997, from 56.3.
Measure of new orders surged to a seven-year high of 62.7 last month from 54.5.
Source : Bloomberg