Service companies expand

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Tuesday, June 05, 2012

U.S. service companies expanded in May for the 29th month.

The industry employs roughly 90% of the work force.

The Institute for Supply Management said Tuesday that its index of non-manufacturing activity edged up to 53.7 last month from an April reading of 53.5.

The ISM survey covers all sectors outside of manufacturing. That includes retail, construction, financial services, health care and hotels.

Read more at The Statesman Journal.

{biztweet}service companies{/biztweet}

 

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