(Reuters) - The Institute for Supply Management's services index
tumbled to 55.8 last month from 60.7 in June, well below
economists' median forecast for a drop to 59.0.
A number above 50 indicates the sector is still growing,
but the sharp pullback shows activity is much more subdued,
even as separate data point to a sluggish labor market.
Read more at Reuters.com Economic News
tumbled to 55.8 last month from 60.7 in June, well below
economists' median forecast for a drop to 59.0.
A number above 50 indicates the sector is still growing,
but the sharp pullback shows activity is much more subdued,
even as separate data point to a sluggish labor market.
Read more at Reuters.com Economic News
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