(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.A rebound in sales and production lifted a gaugeof U.S. service activity to a four-month high in December, indicating the broader economy remains stable in the face of further deterioration in manufacturing.The Institute for Supply Management’s non-manufacturing index climbed to 55, exceeding the median projection in a Bloomberg survey of economists, from 53.9 a month earlier, according to data issued Tuesday. A measure of business activity, which parallels the group’s index of factory production, jumped 5.6 points to 57.2 from the …read more
Source:: Yahoo Finance
