Contact Us

Growth At US Service Firms Jumps On New Orders

Reading, Pennsylvania Struggles To Overcome Vast Swaths Of Poverty
Photo by Spencer Platt/Getty Images

WASHINGTON (AP) — US service firms expanded last month at the fastest pace since February, fueled by a jump in new orders and stronger business activity.

The Institute for Supply Management says its index of service-sector growth rose in July to 56.0. That’s up from 52.2 in June. Any reading above 50 indicates expansion.

The increase is a hopeful sign for businesses that employ 90 percent of the workforce. It suggests weak economic growth could rebound in the second half of the year.

Still, a measure of employment fell in July, in line with last week’s employment report that showed slower job growth.

The businesses covered by the survey range from construction companies and health care firms to retail businesses and restaurants.


Copyright 2013 The Associated Press.

Best of News Talk 940

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://voiceofamarillo.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for VOA VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive VOA VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.