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Markit Economics released final services purchasing managers' index (PMI) for the U.S. on Thursday. Final U.S. services purchasing managers' index (PMI) increased to 56.1 in November from 54.8 in October, down from the preliminary reading of 56.5.
The increase was driven by a stronger rise in business activity and new business.
"Growth is being fuelled by rising domestic demand, which propelled growth in the vast service economy higher and more than offset an export-led weakening of manufacturing growth," Chief Economist at Markit Chris Williamson said.
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