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10:01am 03/03/04 U.S. FEB ISM SERVICES JOB INDEX 52.7% VS 53.4% IN JAN.
U.S. Feb. ISM services activity slows to just above 60%
WASHINGTON (CBS.MW) -- Activity in the service sectors of the U.S. economy eased in February, but remained at a high level, the Institute for Supply Management reported Wednesday.
The ISM's nonmanufacturing index fell to 60.8 percent from a record high of 65.7 percent in January.
The decline was larger than expected. Economists expected the index to fall to 63 percent.
Twelve of 17 industries grew in February.
New orders fell to 60.3 percent from 64.9 percent.
The employment index fell to 52.7 percent from 53.4 percent.
Readings over 50 percent in the diffusion index indicate expansion in those sectors.
U.S. Feb. ISM services activity slows to just above 60%
WASHINGTON (CBS.MW) -- Activity in the service sectors of the U.S. economy eased in February, but remained at a high level, the Institute for Supply Management reported Wednesday.
The ISM's nonmanufacturing index fell to 60.8 percent from a record high of 65.7 percent in January.
The decline was larger than expected. Economists expected the index to fall to 63 percent.
Twelve of 17 industries grew in February.
New orders fell to 60.3 percent from 64.9 percent.
The employment index fell to 52.7 percent from 53.4 percent.
Readings over 50 percent in the diffusion index indicate expansion in those sectors.
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15:00 - Dados States
10:00am 03/03/04 U.S. FEB. ISM NONMANUFACTURING INDEX 60.8% VS. 65.7%
10:00am 03/03/04 U.S. FEB. ISM SERVICES INDEX BELOW CONSENSUS OF 63
10:00am 03/03/04 U.S. FEB. ISM SERVICES INDEX BELOW CONSENSUS OF 63
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