U.S. Service Sector Slows as Prices Jump

The expansion of the U.S. service sector slowed last month. The price index, which reflects the cost burden on businesses, rose to the highest level in over four years. According to the Institute for Supply Management (ISM) on the 5th (local time), the Services Purchasing Managers' Index (PMI) for September fell by 0.5 points to 54.9 from the previous...