U.S. economy's huge service sector slows again in November, ISM finds
Source: MarketWatch
ECONOMIC REPORT
U.S. economy’s huge service sector slows again in November, ISM finds
By Jeffry Bartash
Published: Dec 4, 2019 11:14 am ET
ISM non-manufacturing index dips to 53.9% from 54.7%
The numbers: The huge service side of the U.S. economy slowed again in November, adding to a slew of evidence pointing to weaker growth toward year end.
The Institute for Supply Management’s survey of service-oriented companies such as hospitals, retailers and restaurants fell to 53.9% in November from 54.7%.
Numbers over 50% are viewed as positive for the economy, but the index has come down sharply from a 13-year high of 60.8% just a little over a year ago.
Even worse, the ISM’s manufacturing gauge stayed below the key 50% cutoff line in November for the fourth straight month.
Read: ISM U.S. manufacturing sector slumps further in November
https://www.marketwatch.com/story/us-manufacturing-sector-weakens-further-in-november---ism-2019-12-02
Read more: https://www.marketwatch.com/amp/story/guid/408b19c2-16a1-11ea-81a7-76f3b71a6855
U.S. economy’s huge service sector slows again in November, ISM finds
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since douchebag's policies and tariffs and trade wars are working out so well. Maybe they'll pass another round of tax cuts and blame immigrants for killing service jobs.
