The Institute for Supply Management said its services sector index in April dropped to 53.5% from 56.0% in March to mark the worst reading since December
Economists polled by MarketWatch had forecast a 55.4% reading
The production index dropped 4.3 points to 54.6%, the new orders index fell 5.3 points to 53.5% and the employment index dropped 2.5 points to 54.2%
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