U.S. service industries expand slower than predicted

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Monday, January 06, 2014

Bloomberg: December's forecast shows uneven progress for the largest part of the United States' economy.

The Institute for Supply Management’s non-manufacturing index decreased to a six-month low of 53 in December from 53.9 in the prior month, a report from the Tempe, Arizona-based group showed today. The median projection in a Bloomberg survey of economists was 54.7. Readings above 50 indicate growth in the industries that make up almost 90 percent of the economy.

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