Service sector of U.S. economy rebounded strongly in January: ISM survey
The numbers: An ISM barometer of business conditions at companies such as restaurants and hotels rebounded to 55.2% in January after falling into contraction of 49.6 in the prior month.
A separate measure of the services sector from S&P Global, estimated the sector remains in contraction territory. The seasonally adjusted final S&P Global U.S. Services PMI Business Activity index registered 46.8 in a final January reading, up from the “flash” estimate of 46.6 and the 44.7 reading of the prior month.
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