- The rate of growth in the economy's service sector slowed slightly in February, but remained robust, according to a report released on Monday.
The Institute of Supply Management said its non-manufacturing purchasing managers' index ticked down to 59.5 in February, from 59.9 the previous month.
Economists had forecast a reading of 58.9.
The new orders sub-index rose to 64.8 from 62.7 in January. The employment sub-index fell to 55.0 last month from the January reading of 61.6.
A reading above 50 for the index indicates expansion in the sector, and a reading below 50 signals contraction.]]>