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U.S. service sector picks up in April: ISM

Published 05/04/2016, 11:32 AM
Updated 05/04/2016, 11:32 AM

Investing.com - Service sector activity in the U.S. grew at a faster pace than expected in April, according to industry data released on Wednesday.

The Institute of Supply Management said its service sector index rose to 55.7 last month from 54.5 in March. Analysts had expected a reading of 54.7.

The majority of the respondents' comments reflect optimism about the business climate and the direction of the economy, the report said.

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