The U.S. services sector expanded at a slower pace in March, a sign that a key segment of the economy continues to cool. The Institute for Supply Management’s nonmanufacturing purchasing managers index fell to 56.1 in March from 59.7 in February. Economists surveyed by The Wall Street Journal had expected the index to fall to 58. Readings above 50 are a sign of expansion while readings below 50 show a contraction. March was the 110th-straight month of growth, ISM said.

Source: Wall Street Journal April 03, 2019 14:16 UTC