The Institute for Supply Management's (ISM) services Employment Index extended its expansion streak to a second month in October, while the broader activity measure eased but remained above the growth threshold.
The Employment Index registered 51.4, compared with 50.1 on its previous reading. ISM readings above 50 indicate expansion from the prior month.
ISM also reported a broader services index of 54.5 for October, down from the previous month but still above 50. EconoTimes previously covered the October services survey and its component readings.
