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July 7, 2020

Service sector sees rebound in June

WASHINGTON (AP) — Activity in the U.S. services sector rebounded strongly last month, but those gains are now being threatened by the resurgence of coronavirus cases in many parts of the country.

The Institute for Supply Management said Monday that its service sector index rose to 57.1 in June, up from a reading of 45.4 in May. Any reading above 50 means that the service sector, where the majority of Americans work, is expanding.


 
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