The Institute for Supply Management reports that the ISM non-manufacturing index rose to 53.7 in August, up from 52.6 in July. This is a good sign and has the index slowly trending upward again with now two consecutive months of growth.

Note that any reading above 50 represents economic expansion, so we can see that the services sector has been expanding for some time now, albeit following an abysmal 2008 and 2009.

 

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