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The Institute for Supply Management’s gauge of service-sector growth was unchanged from November at 57.2. It still topped the expectation for a reading of 56.6. Readings above 50 indicate expansion, while those below point to contraction.
READ MOREThe Institute for Supply Management’s gauge of factory activity rose to 54.7 in December from 53.2 in November. Economists expected an increase to 53.6 for the month. Readings above 50 point to expansion, while those below indicate contraction.
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