(Kitco News) – The U.S. service sector strengthened last month with business activity improving and price pressures easing, while employment moved back into expansion, 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 54.4 in December, up from November’s reading of 52.6. The data was better than expected, as economists were looking for a reading of 52.3.
