Markit Services Business Activity Index slipped slightly in January but still in expansion mode

The seasonally adjusted final IHS Markit U.S.Services Business Activity Index registered 53.3 in January, down from 53.7 in December. The latest index reading signalled a solid expansion in business activity among service providers, albeit the slowest since April 2017. Anecdotal evidence linked the latest upturn to more favourable economic conditions.

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