On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
64° Feels Like: 64°
Wind: WSW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 43°

Tomorrow

Mostly Sunny 66°

Wed Night

Mostly Clear 47°

Alerts

Service sector slows in July: ISM survey

NEW YORK (Reuters) - The pace of growth in the services sector ticked down unexpectedly in July to the lowest level since February 2010, according to an industry report released on Wednesday.

The Institute for Supply Management said its services index fell to 52.7 last month from 53.3 in June. The reading fell shy of economists' forecasts for 53.6, according to a Reuters survey.

The new orders gauge slipped to 51.7 from 53.6, while employment fell to 52.5 from 54.1.

A reading above 50 indicates expansion in the sector.

(Reporting by Leah Schnurr, Editing by Chizu Nomiyama)

Comments