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The Institute for Supply Management released its non-manufacturing purchasing managers' index for the U.S. on Wednesday. The index climbed to 56.9 in February from 56.7 in January, beating expectations for a decline to 56.5.
A reading above 50 indicates a growth in the service sector.
The ISM's new orders index fell to 56.7 in February from 59.5 in January.
The ISM's business activity/production index decreased to 59.4 in February from 61.5 January.
The ISM's employment index climbed to 56.4 in February from 51.6 in January.
The ISM's price index rose 49.7 in February from 45.5 in January.
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