U.S. Service Sector Growth Slows More Than Expected In December

Service sector growth in the U.S. slowed to a crawl in the month of December, the Institute for Supply Management revealed in a report on Friday. The ISM said its services PMI fell to 50.6 in December from 52.7 in November. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 52.6.Original Article