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Services in U.S. Grow at Second-Fastest Pace in Almost Year

Bloomberg Businessweek (07/03/14) Lorraine Woellert

Service providers across a range of industries grew in June at the second-fastest pace in nearly a year. The Institute for Supply Management’s nonmanufacturing index was 56.0 in June, after rising to 56.3 in May, which was the highest reading since August. Economists surveyed by Bloomberg called for no change from May. Readings above 50 signal expansion.