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US Service Growth Slows
U.S. services-sector growth slowed in October, as the Purchasing Managers’ Index fell to 54.5 from 54.9 in September. The new orders index dropped to 55.9 from 59.8, while the business activity index declined to 53.8 from 56.5. Activity remained in growth territory for the 28th consecutive month. The employment index rose to 51.4 from 50.1, while the prices index slipped to 73 from 74.
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