ISM Service Index Disappoints
August 03, 2011 at 12:31 PM EDT
The Institute for Supply Management’s Non-Manufacturing, or Service, survey fell in July to 52.7 from 53.3 in June. That is the lowest reading since January 2010. Like its venerable brother the Manufacturing survey, this is a “magic 50” index where any reading above 50 indicates that the economy is expanding and anything below 50 represents [...]