Como se combate o populismo? "Com eleições", responde Fukuyama

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10:14am 11/03/05 U.S. ISM SERVICES INDEX 60% VS. 56.9% EXPECTED

ECONOMIC REPORT: U.S. services sector booming, ISM says; High energy costs remain biggest concern
By Rex Nutting, MarketWatch
Last Update: 10:27 AM ET Nov. 3, 2005

WASHINGTON (MarketWatch) -- Activity in the U.S. services sector accelerated in October, the Institute for Supply Management said Thursday.

The ISM nonmanufacturing index rose to 60% in October from 53.3% in September.

Economists were expecting a smaller increase to about 56.9%, according to a survey conducted by MarketWatch.

The new orders index rose to 58.2% from 56.6%, while the prices paid index fell to 78% from 81.4%.

Readings over 50% indicate a plurality of firms reported increased activity.

"The overall indication is continued economic growth in the nonmanufacturing sector in October, but with a high level of concern about the impact of energy prices," said Ralph Kauffman, head of the ISM's nonmanufacturing survey committee.

In October, 11 of 17 industries were growing, led by entertainment, insurance and communication. Three industries were contracting: agriculture, transportation and public administration. Three others were steady: Mining, real estate and legal services.

On Tuesday, the ISM said its manufacturing index sank to 59.1% in October from 59.4% in September. The two indexes indicate strong growth in most of the U.S. economy.