U.S. nonmanufacturing sectors contracted at a faster pace in March, according to a Friday report from the Institute for Supply Management, as the global slowdown continued to take its toll. The ISM non-manufacturing index fell to 40.8% in March from 41.6% in February. Economists polled by MarketWatch were looking for a March result of 42%. Readings below 50% indicate that more firms are contracting than expanding.
