After reporting U.S. service sector activity at a nearly two-year high in the previous month, the Institute for Supply Management released a report on Wednesday showing the pace of growth in the sector slowed in the month of February.
The ISM said its services PMI dropped to 55.3 in February from 58.7 in January, although a reading above 50 still indicates growth in the sector. Economists had expected the index to come in unchanged.
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