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September Services PMI reading points to growth, reports ISM

The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—came in at 61.9 (a reading of 50 or higher indicates growth is occurring), up 0.2% compared to August and in close range to July’s all-time high reading, at 64.1. The Services PMI grew for the 16th consecutive month, with services sector growth intact in 138 of the last 140 months.
Source: logistics Mgmt

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