ISM's service sector index grows again in October

NEW YORK -- The U.S. service sector grew for a second straight month in October, but at a slower pace than in September, as the recovery creeps along for the country's hospitals, retailers, financial services companies and truckers.

The Institute for Supply Management said Wednesday that its service index dipped to 50.6 last month from 50.9. Any reading above 50 signals growth. Analysts polled by Thomson Reuters had expected a 51.5.

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