Wednesday, April 4, 2007

Slow service growth latest sign of weakness

(Reuters) - The Institute for Supply Management said its non-manufacturing index slid to 52.4 in March, down from February's 54.3 and confounding expectations for a rise. Despite the weakness, the ISM's inflation gauged jumped.

Meanwhile, U.S. private employers likely added 106,000 jobs in March, according a private report by ADP Employer Services. That was higher than February's 57,000 gain reported by ADP but still below market expectations.


Read more at Reuters.com Economic News

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