The Institute for Supply Management released its non-manufacturing purchasing managers' index for the U.S. on Thursday. The index fell to 53.4 in February from 53.5 in January, beating expectations for a decrease to 53.2.
A reading above 50 indicates a growth in the service sector.
The ISM's new orders index slid to 55.5 in February from 56.5 in January.
The business activity/production index increased to 57.8 in February from 53.9 in January.
The ISM's employment index was down to 49.7 in February from 52.1 in January.
The prices index declined to 45.5 in February from 46.4 in January.