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Services Come With a Smile, but the Economy Could Still Be Frowning
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The manufacturing sector has fallen into a funk. Services business are in anything but that.
The Institute for Supply Management on Monday said that its index of service-sector activity rose to 56.5 for November from October’s 54.4, keeping it comfortably above 50, the break line between expansion and contraction. The details of the report were good, showing employment picking up and supply-chain problems easing.
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