US service industry grows

The Institute for Supply Management (ISM) said its index of non-manufacturing activity, based on a survey, leapt 7.7 points in January to 65.

The Institute for Supply Management (ISM) said its index of non-manufacturing activity, based on a survey, leapt 7.7 points in January to 65.7M - the highest it's been since July 1997. It was the 10th consecutive month of growth, breezing past economists' modest expectations. Any figure above 50 points indicates expanding activity.

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