Service sector slows in March: ISM survey

IndustrialsReuters

NEW YORK (Reuters) - The U.S. services sector growth slowed in March, according to an industry report released on Tuesday.

The Institute for Supply Management said its index of non-manufacturing activity fell to 57.3 last month. The index hit 59.7 in February, a five-year high.

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The March result was below the 59.5 median forecast of the 71 economists surveyed by Reuters. A reading above 50 indicates expansion in the sector.

(Reporting by Steven C. Johnson; Editing by Padraic Cassidy)

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