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The Institute for Supply Management's composite services index posted a reading of 62.7 in April, dropping 1.0 points from the record high 63.7 in the prior month.
Among the key components of the services index, the business-activity index pulled back to 62.7 in April, down from 69.4 in March but still a very strong result.
The services new orders index decreased to 63.2 from 67.2 in March, a fall of 4.0 points from the record high in March.