The Institute of Supply Management non-manufacturing purchasing managers’ index rose more-than-expected in the last quarter, official data showed on Monday.

In a report, Institute for Supply Management said that ISM Non-Manufacturing PMI rose to a seasonally adjusted annual rate of 55.2, from 53.1 in the preceding quarter.

Analysts had expected ISM Non-Manufacturing PMI to rise to 54.1 in the last quarter.

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