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July 5, 2019

Service firms grow more slowly in June

WASHINGTON (AP) — U.S. services companies grew at a slower pace in June as the pace of hiring, orders and production decelerated.

The Institute for Supply Management, an association of purchasing managers, says its non-manufacturing index fell to 55.1 from 56.9 in May. Anything above 50 signals growth, though, and the services sector is enjoying a 113-month winning streak.


 
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