U.S. Service Sector Growth Slows

Reuters

The U.S. services sector growth slowed in March, according to an industry report released on Tuesday.

The Institute for Supply Management said its index of non-manufacturing activity fell to 57.3 last month. The index hit 59.7 in February, a five-year high.

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The March result was below the 59.5 median forecast of the 71 economists surveyed by Reuters. A reading above 50 indicates expansion in the sector.

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