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Empresas y finanzas

Service sector picks up modestly in May: ISM


    NEW YORK (Reuters) - The pace of growth in the vast services sector picked up a tad in May as a gauge of new orders improved, according to an industry report released on Tuesday.

    The Institute for Supply Management said its services index edged up to 53.7 from 53.5 in April, a touch above economists' forecasts for it to hold steady at April's level.

    A reading above 50 indicates expansion in the sector.

    The forward-looking new orders component rose to 55.5 from 53.5, but the employment index fell to its lowest level since November 2011 at 50.8 from 54.2.

    (Reporting By Leah Schnurr; Editing by Chizu Nomiyama)