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The Institute for Supply Management released its non-manufacturing purchasing managers' index for the U.S. on Wednesday. The index fell to 53.5 in January from 55.8 in December, missing expectations for a decrease to 55.1.
A reading above 50 indicates a growth in the service sector.
The ISM's new orders index slid to 56.5 in January from 58.9 in December.
The business activity/production index dropped to 53.9 in January from 59.5 in December.
The ISM's employment index was down to 52.1 in January from 56.3 in December.
The prices index declined to 46.4 in January from 51.0 in December.
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