US service companies grew at a slightly faster pace in November because sales and new orders rose, a good sign for the economy.
The Institute for Supply Management said today that its index of non-manufacturing activity rose to 54.7 from 54.2 in October.
Any reading above 50 indicates expansion. November's figure is above the 12-month average of 54.4.
The report measures growth in a broad range of businesses from retail and construction companies to health care and financial services firms.
