Wednesday, July 4, 2007

ervice Industries in U.S. Probably Expanded Near Fastest Pace in a Year

(Bloomberg) -- Growth in U.S. service industries
probably held close to the fastest pace in more than a year last
month, signaling continued strength in the economy, economists
said before a report today.

The Institute for Supply Management's index of non-
manufacturing businesses including banks, builders and retailers
slipped to 58 in June from 59.7 the prior month, according to
the median forecast of 73 economists in a Bloomberg News survey.
Readings above 50 signal growth.


Read more at Bloomberg Bonds News

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