US Services Sector Experiences Surge in Activity, Reaching Highest Growth Since Mid-2022

In a significant development for the U.S. economy, the services sector has demonstrated robust growth, expanding at its fastest rate since the middle of 2022. New data from the Institute for Supply Management (ISM) indicates that service sector activity not only rebounded but also exceeded analysts' expectations, providing a positive outlook for economic recovery as we enter the final months of the year.

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