“Service sector activity strengthened in November, boosted by improvement in the retail subsector,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenues index reversed to positive 6 in November from negative 8 in October, while the number of employees index fell to negative 2 from zero, the average wage index slid to 5 from 15, and the expected product demand during the next six months index increased to 11 from zero.

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.