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Service sector remains strong despite inflation’s grip

FILE - Cars wait in the drive-thru line at a McDonald's restaurant in San Francisco, Thursday, Aug. 25, 2022. The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through summer 2022, according to the latest survey from the Institute for Supply Management. (AP Photo/Jeff Chiu, File)

FILE- Guests stand at the front desk at the Embassy Suites by Hilton hotel in Seattle's Pioneer Square neighborhood in Seattle on Sept. 5, 2018. The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through summer 2022, according to the latest survey from the Institute for Supply Management. (AP Photo/Ted S. Warren, File)

FILE - Macy Norman, center, serves a table of guests at Puckett's Grocery and Restaurant, on Sept. 10, 2021, in Nashville, Tenn. The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through summer 2022, according to the latest survey from the Institute for Supply Management. (AP Photo/Mark Humphrey, File)

Service sector remains strong despite inflation’s grip