U.S. Service Sector Growth Slows in October; ISM Index Falls to 5-Month Low
- ISM services index fell to 51.8% in October, lowest in 5 months and below forecasts
- Production gauge dropped 4.7 points to 54.1%
- New orders rose 3.7 points to 55.5%, a positive aspect
- Employment barometer declined 3.2 points to 50.2%
- Prices paid measure showed inflation barely changed at 58.6%