The ISM Services Inde x also suggested economic recovery was taking hold. The measure jumped to 55.4 in March from 53 in February, ahead of the expected rise to 54.
U.S. pending home sales also showed unexpected strength. The National Association of Realtors' pending home sales index rose 8.2% in February, despite high unemployment and snowstorms. Economists had expected a 0.5% decline.
Monday, April 5, 2010
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