EXPANSION

ISM Index Hits 55.1

The Institute for Supply Management released its survey of business activity in the service sector today and it showed an uptick to 55.1 from 53.7 in August. Any number higher than 50 indicates expansion. Economists surveyed by Reuters expected a drop to 53.2. Today’s services number follows Monday’s ISM manufacturing report that showed the manufacturing sector expanding for the first time since May.