Services Sector Grew for 9th Consecutive Month in September

Economic activity in the services sector expanded in September for the ninth consecutive month as the Services PMI registered 53.6%, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 39 of the last 40 months, with the lone contraction in December 2022.

The September reading was nearly a full point lower than in August, when it registered 54.5%.

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