WASHINGTON — U.S. services expanded at a stronger pace in August, driven by an uptick in business activity and new orders. The Institute for Supply Management, an association of purchasing managers, said Thursday that its non-manufacturing index rose to 56.4 from 53.7 in July after two months of cooler growth....
US Consumer Spending Posts Big Gains
WASHINGTON — U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent. The March gain was the biggest monthly increase since August 2009, the Commerce Department reported Monday. That's a marked improvement after three months of lackluster readings in this key...