U.S. Service-Sector Index Shows Slower Growth

September 6, 2016 2:24 PM

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U.S. Service-Sector Index Shows Slower Growth

WASHINGTON—A gauge of U.S. service-sector activity dropped in August, signaling slowing growth in key sectors of the U.S. economy.

The Institute for Supply Management on Tuesday said its nonmanufacturing index fell to 51.4 in August from 55.5 in July. A reading above 50 signals expansion while a reading below 50 indicates contraction. The index has run above the 50 threshold for 79 straight months.

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