Service sector activity "moderated in October," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenues index slipped to 3 in October, from 11 in September, while the number of employees index climbed to negative 1 from positive 4, the average wage index rose to 11 from 8, and the expected product demand during the next six months index slid to 6 from 9.

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.