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ISM Services Index Comes In At 50.1

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The Institute for Supply Management revealed Wednesday that its index of national non-manufacturing activity rose to 50.1 for December. This followed a reading of 48.7 in November. Any reading above 50 indicates expansion in the sector.

Economists had expected a stronger advance, with experts looking for a reading of about 50.5.

Production growth expanded in the month, with the index climbing to 53.7 from 49.6 the previous month. New orders expansion slowed, however, with this index slipping to 52.1 from 55.1.

(Market News Provided by RTTNews)

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