The Institute for Supply Management said its
services index fell to 53 last month from 53.9 in November. The
reading was below expectations for a reading of 54.5, according
to a Reuters survey of economists, and the lowest reading for
the index since June 2013.
With a reading above 50 indicating expansion, December marked
the 48th straight month of growth in the services sector.
The gauge of business activity dipped to 55.2 from 55.5, the
weakest reading for the subindex since September and below
expectations for a reading of 56.5.
The read on new orders showed contraction for the first time
since July 2009 as it fell below the 50 mark. It dropped to 49.4
in December from 56.4, the lowest reading for new orders since
On a positive note, the employment gauge rose to 55.8 from 52.5
(Reporting by Ryan Vlastelica;
editing by Chizu Nomiyama)
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