ISM Services Index Improves, but Still Shows Contraction

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The economy’s service sector contracted in February but improved from January, the Institute for Supply Management said Wednesday.

ISM’s services index improved to a reading of 49.3, from a record low of 44.6 in January, the group said.



The services sector, which includes transportation, retail sales and financial services, accounts for nearly two-thirds of the U.S. gross domestic product.

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