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. Last Updated: 07/27/2016

Services Grow 2nd Month

The country’s service industries, ranging from banks to mobile phone retailers, expanded for the second consecutive month in September after orders rose and new business grew.

The Purchasing Managers’ Index advanced to 53 last month from 52.2 in August, VTB Capital said in a statement released Monday. A reading above 50 indicates expansion.    

(Bloomberg)