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Purveyor

(29,876 posts) Wed Dec 5, 2012, 12:01 PM Dec 2012

Growth of US Service Firms Accelerated Last Month

U.S. service companies grew at a slightly faster pace in November because sales and new orders rose, a good sign for the economy.

The Institute for Supply Management says its index of non-manufacturing activity rose to 54.7 from 54.2 in October. Any reading above 50 indicates expansion. That's above the 12-month average of 54.4.

The report measures growth in a broad range of businesses from retail and construction companies to health care and financial services firms. The industries covered employ about 90 percent of the work force.

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http://abcnews.go.com/Business/wireStory/growth-us-service-firms-accelerated-month-17884257#.UL9mD29my_g

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