Service-sector growth slowed in March

April 6, 2015 2:33 PM

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Service companies' activity grew at a slower rate in March, a closely watched index shows, reflecting a generally sluggish economy in the first quarter.

The Institute for Supply Management said Monday its non-manufacturing index slipped to 56.5 from 56.9 in February. A reading above 50 indicates the sector is expanding. Economists had estimated the index fell to 56.6.

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