Growth in US service sector reaches new heights in November

KIFI

Published December 3, 2021 8:19 AM

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) — Growth in the services sector, where most Americans work, hit an all-time high in November, surpassing the previous record set in October. The Institute for Supply Management reported Friday that its monthly survey of service industries increased by 2.4 percentage points in November from October record to a reading of 69.1 percent. Some of the strength in the services sector is coming from supply chain troubles that are making it harder to meet increased demand.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.