MW: ISM services index dips to 53.6% in May from 53.7%
By Jeffry Bartash
WASHINGTON (MarketWatch) -- Growth in the U.S. service sector was little changed in May, according to a survey of senior executives. The Institute for Supply Management on Wednesday said its services index edged down to 53.6% last month from an upwardly revised 53.7% in April. Readings over 50% indicate more firms are expanding than contracting. Economists surveyed by MarketWatch expected the services index to register 54.0%.
