Service industries in U.S. contracted at faster pace

Service industries in the U.S. unexpectedly contracted in March at a faster pace as unemployment climbed and consumer confidence held near a record low. The Institute for Supply Management's index of non-manufacturing businesses, which make up almost 90 percent of the economy, fell to 40.8, the lowest level of the year, from 41.6 the prior month, ...

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Service industries in U.S. contracted at faster pace

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