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U.S. Service Companies Expand Faster in July: ISM

MarketWatch (08/05/13) Jeffry Bartash

A recent study from the Institute for Supply Management reports that U.S. service-sector companies expanded at a faster pace last month. The ISM’s survey of purchasing managers rose to 56% in July from 52.2% the month before. Economists surveyed by MarketWatch had forecast a rise to 53.1%. Of the 18 industries tracked by ISM, 16 reported growth in July.