Service sector grows in JulyNews added by ProWEB Media on August 4, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

The services sector grew in July, rising from 53.8 in June to 54.3, according to the Institute for Supply Management.

The figures surpassed the median forecast of 53.0 by 71 economists surveyed by Reuters.

Meanwhile, the report's employment component increased to 50.9 from 49.7, just the second time the reading has risen above 50 since December 2007. A reading above 50 indicates expansion in the sector.
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