U.S services sector growth continues to decelerate

Source: Reuters
© Scanpix/Reuters
U.S services sector expansion rate is slowing down, as the Purchasing Managers Index fell down to 58.5 in August, its lowest point since May. Although services sector is experiencing substantial growth rate, experts suggest that it might have lost the momentum after reaching pre-crisis level in July. Nonetheless, experts remain positive and forecast PMI to inch up to a 59.5 level. Additionally, new business index climbed to 58.2 points from 57.3 last month.
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