(Kitco News) – The U.S. service sector weakened further last month with business activity contracting and price pressures ticking higher, while employment remained in contraction, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Friday morning that its Services Purchasing Managers Index fell to 50 in September, down from August’s reading of 52. The data was worse than expected, as economists were looking for a reading of 51.7.
