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flag U.S. services sector growth slowed sharply in March, with employment and new orders dropping.

flag The U.S. services sector growth slowed more than expected in March, with the ISM Services Purchasing Managers' Index (PMI) falling to 50.8 from 53.5 in February. flag This decline indicates weaker employment and new orders, with the employment index dropping to 46.2, signaling the first contraction since September 2024. flag Despite the PMI still indicating growth, economists had anticipated a more modest decrease to 53.0. flag The prices index also fell, suggesting slower price growth.

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