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The Boston Globe

Business

Growth slows in service industry

WASHINGTON — US services companies grew at a slightly weaker pace in October than in September because sales and new orders slowed. But a measure of employment rose, indicating services firms hired more.

The Institute for Supply Management said Monday that its index of nonmanufacturing activity fell to 54.2. That was down from a six-month high of 55.1 in September. A reading above 50 indicates ­expansion.

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