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 The Institute for Supply Management said its services index fell
to 58.6 last month from 59.6 in August, which was its highest level
since its inception in January 2008. The September reading was
slightly above economists' forecasts for 58.5, according to a
Reuters survey.
A reading above 50 indicates expansion in the sector.
Its index of business activity fell to 62.9 in September, down from
65.0 in August. The August reading was the highest since a matching
December 2004 reading.
Meanwhile, the employment index rose to 58.5, the highest since
August 2005, compared with 57.1 in August. That dovetails with the
government's closely watched monthly payrolls report, also out on
Friday, which showed 207,000 services sector jobs created last
month, accounting for more than 80 percent of the 248,000 jobs
created overall.
(Reporting by Sam Forgione; Editing by Meredith Mazzilli)
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