The Zhitong Finance App learned that the growth of the US service sector accelerated in December last year, showing stronger commercial activity, which pushed the price index to the highest level since the beginning of 2023. According to data released by the American Institute for Supply Management (ISM) on Tuesday, the service sector index rose 2 points last month to 54.1. The index above 50 indicates economic expansion. Meanwhile, the price payment index for services and raw materials soared more than 6 points to 64.4.

The Zhitong Finance App learned that the growth of the US service sector accelerated in December last year, showing stronger commercial activity, which pushed the price index to the highest level since the beginning of 2023. According to data released by the American Institute for Supply Management (ISM) on Tuesday, the service sector index rose 2 points last month to 54.1. The index above 50 indicates economic expansion. Meanwhile, the price payment index for services and raw materials soared more than 6 points to 64.4.