Services Growth Decelerated In August

Growth staggered in the non-manufacturing sector last month, according to the report released by the Institute for Supply Management on Friday. Growth in the non-manufacturing sector declined to 51.5% in August, from 54.3% in the previous month, the ISM said. Although the growth rate was lower than expected, there was expansion in the sector, as indicated by a reading above 50%. With growth in August, the non-manufacturing index rose for the eighth consecutive month. Read more from Benzinga's Markets.