Service Sector Growth Picks Up in November, Though Prices Stay High
• ISM service sector index rose to 52.7% in November from 51.8% in October, indicating expansion • 15 industries reported growth while 3 reported decreases • New orders held steady at 55.5% • Prices paid index fell slightly to 58.3% but remains high • Employment index rose to 50.7% from 50.2% in October