Economic activity in the services sector expanded in December for the 12th consecutive month as the Services PMI® registered 50.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 42 of the last 43 months, with the lone contraction in December 2022. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In December, the Services PMI® registered 50.6 percent, 2.1 percentage points lower than November's reading of 52.7 ... (full story)