U.S. services sector expands faster in July with signs of supply bottlenecks easing

WASHINGTON, Aug. 3 (Xinhua) -- The U.S. services sector posted a faster growth in July than the previous month, with signs of supply bottlenecks easing, the Institute for Supply Management (ISM) reported Wednesday.

The Services Purchasing Managers' Index (PMI) registered 56.7 percent, 1.4 percentage points higher than June's reading, according to the latest Services ISM Report on Business. Any reading above 50 percent indicates the services sector is generally expanding.