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Lackluster service-sector report shows long-term weakness ahead

NMI table

The Institute for Supply Management released it’s non-manufacturing report today hit 52.1, the lowest in more than 12 months, indicating that while the service-related businesses are still growing, the growth is slowing. In May, the Non-manufacturing index (NMI) was at 53.7. June’s NMI was markedly lower at 52.1 indicating that service-sector employers were seeing weakness in their respective industries. While ...

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