After reporting U.S. service sector growth at a record high in the previous month, the Institute for Supply Management released a report on Thursday showing a notable slowdown in the pace of growth in the sector in the month of December.
The ISM said its services PMI slid to 62.0 in December from 69.1 in November, although a reading above 50 still indicates growth. Economists had expected the index to drop to 66.9.
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