Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Service sector expands at slower pace in October

Service sector expands at slower pace in Oct. (by Greg Robb)

WASHINGTON (MarketWatch) -- Activity in the service sectors of the U.S. economy expanded at slightly slower pace in October, the Institute for Supply Management reported Thursday. The ISM non-manufacturing index inched lower to 52.9% from 53.0% in September. The decrease was unexpected. Economists were looking the index to increase to 53.5%. Below the headline, the employment index rose to 53.3% in October from 48.7% in September. This is the highest level since June. The ISM services employment index is closely watched for hints about to the likely strength of the key October nonfarm payroll report to be released on Friday. The new orders index fell to 52.4% in October from 56.5% in the prior month. Inventories fell to 45.5% from 51.5% in September.