Service Industries Slowing Down
The service industries from US reported a small victory in January, by slowing at a slower pace than forecasted. The Institute for Supply Management’s index of non- manufacturing businesses, which compose almost 90 percent of the economy, increased to 42.9 from 40.1 in December. Figures below 50 signal a contraction.
This could indicate a turning point in the natural curve of those industries. Read More »Service Industries Slowing Down