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Drones over U.S. may pose security risks
TEMPE, Ariz., Sept. 3 (UPI) -- Growth in U.S. service industries slowed in August, the Institute for Supply Management said Friday.
With numbers above 50 indicating growth, the new orders index for non-manufacturing businesses dropped from 56.7 to 52.4, meaning new orders still grew but at a less robust pace than a month ago.
The main index for the service sector, the Purchasing Managers Index, also showed slowing growth at 51.5. A month ago the index was at 54.3.
The employment index fell into negative territory, dropping from 50.9 to 48.2. Inventories stayed positive but slowed, the index falling to 53.5 from 55.5.
Nine of 17 service industries showed growth, a drop from July when 13 of 17 service industries reported growth for the month.
Arts, entertainment and recreation showed the strongest growth, followed by real estate, educational services, transportation and warehousing and finance and insurance.
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