REFILE-U.S. service sector grew in October - ISM survey
Published: 04 Nov 2009 17:19:52 PSTNEW YORK, Nov 4 - The U.S. service sector grew in October for the second consecutive month but at a slower pace than forecast, according to a report released on Wednesday.
The Institute for Supply Management's services index eased to 50.6 last month from 50.9 in September, below economists' median forecast for a rise to 51.5. The dividing line between growth and contraction is 50.
The services sector represents about 80 percent of U.S. economic activity, including businesses such as banks, airlines, hotels and restaurants.
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