Still, the economy remains on solid footing as other data on Wednesday showed a pick-up in private sector hiring last month. The Institute for Supply Management said its services index fell to 57.1 last month from a reading of 58.6 in September, drifting further from August's post-recession high of 59.6. Nevertheless, the survey showed the key services sector, which accounts for roughly two-thirds of the economy, remained solidly in growth mode. Another survey conducted by information services company Markit also showed services sector growth slowed last month, but stayed in expansion territory.
via Business News http://ift.tt/1pl46CQ
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