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March 4, 2021

Service sector growth slows sharply in February

  • Even with the decline, it was the ninth straight month of growth in the services sector.
    AP Economics Writer

    WASHINGTON — Growth in the services sector, where most Americans work, slowed sharply in February with hurdles related to the pandemic hindering growth.

    The Institute for Supply Management said Wednesday that its index of service sector activity dropped to a reading of 55.5% in February, down 3.4 percentage-points from January when activity neared a two-year high.

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