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October 4, 2019

Service activity sinks to 3-year low

WASHINGTON (AP) — Growth in the U.S. services sector slowed sharply in September to the lowest level in three years, suggesting that rising uncertainty is weakening the bulk of the economy.

The Institute for Supply Management, an association of purchasing managers, says its non-manufacturing index slipped to 52.6 from 56.4 in August. Readings above 50 signal growth, but September's figures are the lowest since August 2016.

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