Service sector grows for the 4th consecutive month - Black News Channel

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Service sector grows for the 4th consecutive month - Black News Channel

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. services sector, where most Americans work, grew for a fourth consecutive month in September as the country attempts to re-open from earlier COVID-19 shutdowns. The Institute for Supply Management reported Monday that its index of services activity rose to a reading of 57.8 last month, 0.9 percentage point higher than the August reading of 56.9. Any reading above 50 signifies expansion in services industries such as restaurants, department stores and delivery companies. The index fell sharply for three months starting in March as shutdowns aimed at containing the virus […]

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