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M. Continuo

Service sector grew slightly in January


    NEW YORK (Reuters) - The services sector grew slightly in January, according to an industry report released on Wednesday.

    The Institute for Supply Management said its services index rose to 50.5 in January from 49.8 in December. That was slightly below the median forecast of 51 from 73 economists surveyed by Reuters.

    A reading above 50 indicates expansion in the sector.

    (Reporting by Ellen Freilich; editing by Jeffrey Benkoe)