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U.S. Services Gauge Climbs to Five-Month High on Orders

  • Stronger ISM index of business activity drives advance
  • Measure of new orders rebounds after end-of-year stumble
forklift warehouse
Photographer: Luke MacGregor/Bloomberg
Updated on

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Firmer business activity and orders helped lift a gauge of U.S. service providers to a five-month high in January, indicating steady growth in the broader economy at risk of wavering amid mounting concerns about the coronavirus.