Services index moves back to growth territory

[jpak]

http://www.marketwatch.com/story/ism-services-index-moves-into-growth-territory-2010-01-06?reflink=MW_news_stmp

The service sectors of the U.S. economy rebounded in December, according to a survey of companies released Wednesday by the Institute for Supply Management.

The ISM non-manufacturing index rose to 50.1% from 48.7% in November.

Despite moving back into growth territory, the gain was not as robust as expected. Economists surveyed by MarketWatch forecast the ISM non-manufacturing index to rise to 51%. See forecasts for all major indicators.

Readings above 50% in the diffusion index indicate that activity at more firms is expanding rather than contracting. The index had been above 50% since August but then fell below the threshold in November. Read complete ISM survey.

<more>

[Teaser]

1. terrible news.

.

[jpak]

2. The Horror The Horror

:hi: