Service sector expands for 13th straight month, according to ISM

The services sector expanded for the 13th straight month in February, a report from the Institute for Supply Management said recently.

The Institute for Supply Management said its index of non-manufacturing business fell to 53.9 in February from 54.5 in January. Economists had expected a reading of 53.4.

A number above 50 denotes expansion, while a reading below 50 shows contraction.