Service sector activity in the U.S. unexpectedly grew at a slightly faster rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday.
The ISM said its services PMI inched up to 56.9 in August from 56.7 in July, with a reading above 50 indicating growth in the sector. The uptick surprised economists, who had expected the index to dip to 55.1.
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