Service business activity grew in August

| September 14, 2011

TEMPE, Ariz., Sept. 6 (UPI) — Business activity in US service industries grew in August for the 21st consecutive month, the Institute for Supply Management said Tuesday. The pace of growth accelerated with the headline Purchasing Managers Index rising from 52.7 to 53.3. The index uses 50 as a break-even point. Above 50 indicates growth. [...]