Service Sector Grows at Slow Rate

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Activity in the service economy grew at a slower rate in July than in the previous month, a private research group said Wednesday.


The index of business activity in the non-manufacturig sector slipped to 60.5 last month from 62.2 in June, according to the Institute for Supply Management. The index was slightly lower than the 61 reading that analysts had forecast. It was the 28th consecutive month of expansion.


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