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U.S. services sector growth slowed sharply in March, with employment and new orders dropping.
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.
This decline indicates weaker employment and new orders, with the employment index dropping to 46.2, signaling the first contraction since September 2024.
Despite the PMI still indicating growth, economists had anticipated a more modest decrease to 53.0.
The prices index also fell, suggesting slower price growth.
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El crecimiento del sector de servicios de los Estados Unidos se ralentizó bruscamente en marzo, con la caída del empleo y de los nuevos pedidos.