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Growth in U.S. Service Industries Cools From a 12-Year High

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The November retreat shows services are settling back to a more sustainable pace, though a weaker one than analysts were expecting for the month. Even with the slowdown, which follows a hurricane-related surge in activity, the index is above the 57 average for this year through October.

The four-point decline in the group’s index of supplier deliveries was the largest since the end of 2015, showing service providers are making progress after hurricanes disrupted schedules and delayed work in the previous two months. Now, delivery times are improving as the supply chain gets back to normal.

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