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Mighty US Services Sector Thumbs Nose At Recession Narrative
The biggest part of the world's largest economy held up in August, closely-watched survey data released on the eve of the government's all-important jobs report indicated.
ISM's services sector gauge printed 51.5 on the headline, up a tick from the prior month and marginally ahead of consensus.
Although not exactly a barnburner, the expansion-territory print came as a relief in light of ongoing struggles for American manufacturing and generalized slowdown concerns.
In that regard, this was d
