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Economic activity in the non-manufacturing sector increased in November, but at a slower rate than October, according to the Institute for Supply Management’s Non-Manufacturing Report on Business released today.
The institute’s non-manufacturing index fell in November to a reading of 53.9, down from October’s reading of 55.4. Readings above 50 indicate growth.
The employment portion of November’s index fell to a reading of 52.5, down from 56.2 in October.