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US Services Growth Cools as Price Gauge Drops to Four-Year Low - Bloomberg

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Growth in the US services sector eased in March for a second month while a gauge of input costs slumped to a four-year low.

The Institute for Supply Management’s composite gauge of services fell 1.2 points to 51.4, largely reflecting a drop in the supplier deliveries index to a record low. Readings above 50 indicate expansion, and the March figure was lower than all but one estimate in a Bloomberg survey of economists.

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April 03, 2024 at 09:00PM
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US Services Growth Cools as Price Gauge Drops to Four-Year Low - Bloomberg
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