WASHINGTON - Growth in the massive US services sector rose more than expected in September, a key index showed on Tuesday.
The Institute of Supply Management said its non-manufacturing index rose to 53.2 per cent, the ninth consecutive month of growth.
An index reading above 50.0 per cent indicates expansion in the key sector, which accounts for the bulk of overall US economic output.
Most analysts had expected the index would rise slightly to 51.8 per cent, from 51.5 per cent in August. -- AFP
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Comments : Positive stock market trend indicator (fundamental) - SPX 1200 (likely break earlier than expected) will break soon after a mild stock market consolidation! No major negative stock market related event, every short cycle (one or two weeks) trend, higher high and higher low.
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