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Thursday, July 3, 2014

US services sector activity accelerates in June

The final reading for activity in the U.S. services sector hit its highest in 4-1/2 years, pushed higher by increasing new business activity and hiring, a survey showed on Thursday.

Financial data firm Markit said its final services Purchasing Managers Index hit 61.0 in June, the highest final reading since the survey began in October 2009, compared with May's final reading of 58.1. It was slightly lower than the 61.2 preliminary print.

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