(Bloomberg) -- Service industry expansion in the
U.S. stayed close to a three-month high in May, helping the
economy bounce back from its first-quarter slowdown, economists
said before a report today.
The Institute for Supply Management's index of non-
manufacturing businesses, including banks, builders and
retailers, was at 55.8 in May after a reading of 56 the prior
month, according to the median forecast of 72 economists in a
Bloomberg News survey. Readings above 50 signal growth.
Read more at Bloomberg Bonds News
U.S. stayed close to a three-month high in May, helping the
economy bounce back from its first-quarter slowdown, economists
said before a report today.
The Institute for Supply Management's index of non-
manufacturing businesses, including banks, builders and
retailers, was at 55.8 in May after a reading of 56 the prior
month, according to the median forecast of 72 economists in a
Bloomberg News survey. Readings above 50 signal growth.
Read more at Bloomberg Bonds News
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