Mumbai, Feb. 5 -- A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. service sector activity came in unchanged in the month of January.
The ISM said its services PMI came in at 53.8 in January, unchanged from a revised reading in December. A reading above 50 indicates growth in the sector.
The report said the business activity index climbed to 57.4 in January from 55.2 in December, while the new orders index slid to 53.1 in January from 56.5 in December.
The employment index also dipped to 50.3 in January from 51.7 in December, although the reading above 50 still indicates the second straight month of job growth.
With regard to inflation, the ISM said the prices index rose to 66.6 in January...