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Thursday, September 4, 2014

U.S. services sector activity growth eases in August


The pace of growth in the U.S. services sector dipped in August compared with the previous month, a survey showed on Thursday.

The services sector Purchasing Managers Index compiled by information services company Markit slipped to 59.5 in August from 60.8 in July, but was up from the flash reading of 58.5.

A reading above 50 signals expansion in economic activity.

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