Economics
U.S. Service Industries Grow at Slowest Pace in Five Months
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American service companies expanded in March at the slowest pace in five months, adding to signs of tepid economic growth in the first quarter, a survey by the Institute for Supply Management showed on Wednesday.
A disappointing start to the year for Americans’ spending could be to blame for the drop in the ISM index, as softer consumption in the first quarter has been a common theme in the last three years.