December 3, 2020

Worsening pandemic chills US service sector momentum in November

Washington (AFP) – The US service sector saw activity continue to grow but at a slower rate in November, according to a survey released Thursday, as the country struggles with a rapidly deteriorating Covid-19 pandemic. The Institute for Supply Management’s (ISM) services index was at 55.9 percent last month, slightly worse than expected and its second month of slowdown after October’s 56.6 percent reading. ISM survey chief Anthony Nieves said, “Most companies are cautious as they navigate operations amid the pandemic and the aftermath of the U.S. presidential election.” The sector remained abo…


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