WASHINGTON, D.C.: Activity in the US services sector rose unexpectedly in August, according to survey data released Wednesday, with a good showing in new orders and employment although analysts cautioned the strength may not last.
The Institute for Supply Management (ISM) services index picked up to 54.5 percent last month, up from the 52.7 percent reading in July and firmly above the 50-point mark indicating growth in the sector.
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