U.S. Service-Sector Activity Expanded in February

Economic Indicators Dow Jones Newswires

Activity in U.S. services industries increased steadily in February, another sign the economy is gathering steam. 

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The Institute for Supply Management said Friday its index of nonmanufacturing activity rose to 57.6 in February from 56.5 a month earlier. A reading above 50 indicates rising activity, as measured by factors such as sales and hiring. 

Economists surveyed by The Wall Street Journal had forecast a February reading of 56.5. 

The report showed a measure of sales, or new orders, rose quickly last month, hitting a reading of 61.2 compared with 58.6 a month earlier. A measure of hiring of also climbed higher. 

By Josh Mitchell

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