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U.S. Nonmanufacturing Sector Slowed in December

Wall Street Journal (01/06/14) Kathleen Madigan

The Institute for Supply Management reports a decrease in its nonmanufacturing purchasing managers index from 53.9 in November to 53.0 in December, falling short of a Dow Jones Newswires forecast of 54.5. The new orders index fell for the first time since July 2009, from 56.4 to 49.4 on a month-to-month basis.

Meanwhile, the employment index edged up from 52.5 to 55.8, and the business activity and production index held steady at around 55.2. The inventory index dropped from 54.0 to 48.0, and the prices index rose from 52.2 to 55.1.