Brocker.Org: US service sector growth slows in July

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A worker pulls a fork lift at the Amazon Fulfillment Center on August 1, 2017 in Robbinsville, New Jersey.

Non-manufacturing economic activity grew at a slower pace than expected in July, declining 3.5 points compared to the previous month.

The Institute for Supply Management’s index registered 53.9 in July, below estimates of 57 by economists surveyed by Thomson Reuters

A reading above 50 for the index indicates expansion in the service sector, and a reading below 50 indicates contraction.

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