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NJ Real Estate News: US services firms grow at faster pace in February

By JOSH BOAK
AP Economics Writer

WASHINGTON (AP) – U.S. services firms’ activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.

The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7.

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Summary of the Article

In addition to hotels, restaurants and wholesalers, the sectors reporting growth include real estate, utilities, agriculture and financial sectors. Activity …

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Article

By JOSH BOAK

AP Economics Writer

WASHINGTON (AP) – U.S. services firms’ activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.

The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7. Any reading over 50 indicates expansion.

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first published: 2015-03-03 15:22:17[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-7][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]