While you were sleeping US services disappoint

Mon, 06 Jan 2014

By Margreet Dietz Jan. 7 (BusinessDesk) – Wall Street dropped after disappointing data for the US services industry illustrated that the road to recovery in the world’s largest economy has some potholes. The Institute for Supply Management’s non-manufacturing index slid to 53 in December from 53.9 in November, surprising economists, who had called for an acceleration in the rate of growth. "We think the economy is on track and in recovery mode, and it isn't unusual to see periodic weak reports," David Carter, chief investment officer at Len...

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