After reporting a slowdown in the rate of growth in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Tuesday showing growth rebounded by much more than expected in the month of February.
The ISM said its non-manufacturing index climbed to 59.7 in February after falling to 56.7 in January, with a reading above 50 indicating growth in the service sector. Economists had expected the index to inch up to 57.3.
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