Service sector activity "grew generally on pace with a month ago," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenues index slipped to 8 in November, from 9 in October, while the number of employees index increased to 20 from 9, the average wage index dropped to 8 from 12, and the expected product demand during the next six months index surged to 13 from 4.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.