Dominant US services sector slows as orders hit three-year low
The sector accounts for more than two-thirds of US economic activity
05 August 2019 - 20:12
Washington — US services sector activity slowed in July as new orders dropped to their lowest level in three years, suggesting the economy lost further momentum early in the third quarter.
The report from the Institute for Supply Management (ISM) added to last week’s data showing a slowdown in hiring and prolonged weakness in manufacturing in July...
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