Economic activity in the US services sector grew in November for the 30^th consecutive month, with the Institute for Supply Management reporting its Services PMI rose to a reading of 56.5% in November from 54.4% in October.

“Growth continues at a faster rate for the services sector, which has expanded for all but two of the last 154 months,” said Anthony Nieves, chair of the Institute for Supply Management. “The sector had an uptick in growth after pulling back in the previous two months. The rate of growth increased in November due to increases in business activity and employment.”

The employment activity measure in the services sector grew in November to a reading of 51.5% after contracting in October with a reading of 49.1%.

“A new fiscal period and the holiday season have contributed to stronger business activity and increased employment,” Nieves said.

The ISM index is based on data compiled from purchasing and supply executives across the US.