(Kitco News) – The U.S. service sector strengthened last month with business activity improving, but price pressures continued to tick higher and employment remained in contraction, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index rose to 52.4 in October, up from September’s reading of 50. The data was better than expected, as economists were looking for a reading of 50.8.
