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Business activity increased in July after experiencing two-consecutive months of a slow momentum, according to a monthly survey of members of the Institute for Supply Management-Chicago.
The Chicago Business Barometer, a measure of manufacturing and non-manufacturing activity, rose to 62.3 from 59.1 in June. July marks the tenth consecutive month of a reading above 50, which indicates expansion. Get the full story »
The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that the economic recovery could slow in the second half of the year.
The Institute for Supply Management, a trade group of purchasing executives, said its index tracking service-oriented companies slid to 53.8 last month from 55.4 in May, the high point since the recovery began. Get the full story »
