Service industries rebounded in July
Monday, August 05, 2013 1:53 PM
U.S. service industries expanded in July at the fastest pace in five months, according to the Institute for Supply Management, Bloomberg reported. The institute's non-manufacturing index increased to 56, exceeding all forecasts in a Bloomberg survey, from a more than three-year low of 52.2 in June. Readings higher than 50 indicate growth in the industries that make up almost 90 percent of the economy.