The United States service firms have grown more quickly in April as the sales and new orders went higher indicating towards the evidence that the economy is starting to show signs of picking up after having a slow start to the year.
The institute for Supply Management has said that the service sector index has risen to 55.2 in April from 53.1 in March. The index calculates the expansion and contraction of a sector and any reading that is marked above 50 is categorised as an expansion.
The data has been released after healthy jobs reports were announced on Friday that started the hopes of an improving economy. The government announced that the employers had added 288,000 jobs in the month of April, this was the highest number of jobs added in one month in more than two years and the unemployment rate has falled to 6.3 percent.
The better data that has been released this week has shown signs that the economy has taken the path towards growth after the United States suffered from a slow first quarter due to the bad winter and other geopolitical concerns. The government had announced a week ago that the economy had increased just by 0.1% during the first quarter.