The U.S. services sector unexpectedly contracted in November, with an index measuring activity falling to its lowest reading since July, according to an industry report released on Thursday.
The Institute for Supply Management said its services index shrank to 48.7 in November from 50.6 in October.
Thursday, December 03, 2009
The best indication yet that people are NOT spending.
Posted by traderrob at 7:10 AM