updated 7/6/2005 10:28:43 AM ET 2005-07-06T14:28:43

Activity in the non-manufacturing sector rose faster than expected in June, a private research group said Wednesday.

The index of business activity in the non-manufacturing sector stood at 62.2 last month, up from 58.5 in May, according to the Institute for Supply Management. The index was above the 58.9 analysts were expecting. It was the 27th consecutive month of expansion.

A reading above 50 means the services sector of the economy is expanding, while a reading below 50 indicates a contraction.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com