The service sector slowed the pace of its expansion in September, according to the Non-Manufacturing Index (NMI) released on Thursday by the Institute of Supply Management (ISM). The reading comes days after the institute published unfavorable data on last month’s manufacturing sector, fueling concerns of an overall economic slowdown.
Christopher Anderson, professor at Cornell University’s School of Hotel Administration and the director of the Center for Hospitality Research, says that the service sector remains robust, despite signs of an upcoming slowdown in hospitality.
