U.S. Service Industries Expansion Slows in December

U.S. Service Industries Expansion Slows in December

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Business

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The video discusses the recent changes in the service industry index, which decreased from 59.3 in November to 56.2. Despite this, new orders remain strong at 58.9, indicating continued growth. The employment index is stable at 56, suggesting a positive outlook for the job market. Overall, the US economy remains a bright spot globally, even though growth slowed slightly in December compared to November.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the text suggest about the manufacturing sector's performance?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is indicated about the service industry sector's growth?

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