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Markit released its preliminary services purchasing managers' index (PMI) figures for the U.S. on Monday. The U.S. preliminary services PMI declined to 56.3 in November from 57.1 in October, missing expectations for an increase to 57.3. This is the lowest level since April 2014.
The chief economist at Markit Chris Williamson that the services PMI figures "add to signs that the economic upturn has lost considerable momentum". But he added that "the pace of expansion remains robust by historical standards".
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