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USA: private sector growth slows because of services

(AOF) – Private sector growth slowed in the United States in June, IHS Markit said. The Composite Purchasing Managers’ Index, which includes the manufacturing and services sectors, came in at 63.9 after 68.7 in April. Manufacturing PMI rose from 62.1 to 62.6 and was expected to be 61.5. The services PMI rose from 70.4 to 64.8 and was expected to be 70.

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