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Growth at US service firms jumps on new orders

August 5, 2013 • Business


FILE – In this July 1, 2013 file photo, patrons sample a variety of beers at the Beer Hall at the Harpoon Brewery in the Seaport District of Boston. US service firms expanded in July at the fastest pace since February, fueled by a jump in new orders and stronger business activity. AP Photo/Charles Krupa, File)

WASHINGTON (AP) — U.S. service firms expanded in July at the fastest pace since February, fueled by a brisker month of sales and a jump in new orders. The increase suggests economic growth could be picking up after a weak first half of the year.

The Institute for Supply Management said Monday that its index of service-sector growth rose in July to 56.0, up from 52.2 in June. Any reading above 50 indicates expansion.

The survey covers businesses that employ 90 Login to read more

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