Nov. ISM services gauge shows slowing growth
Nov. ISM services gauge shows slowing growth (by Steve Goldstein)
WASHINGTON (MarketWatch) -- The Institute for Supply Management on Monday said its services index slowed to a reading of 52.0% in November -- the worst reading since Jan. 2010 -- from 52.9% in October. Economists polled by MarketWatch anticipated a 54.0% reading. The employment index dropped 4.4 points to 48.9%. "Business activity continues to swing back and forth," said one purchasing manager in arts, entertainment and recreation.