FRTY - Services-Sector Growth Slowed By Labor Materials And Logistical Constraints

• The Institute for Supply Management’s composite services index fell to 56.5 percent in February, losing 3.4 points from 59.9 percent in the prior month.
• Backlogs of orders in the services sector likely grew again in February as the index increased to 64.2 percent from 57.4 percent.
• The February report from the Institute of Supply Management suggests that the services sector and the broader economy expanded for the 21st consecutive month in February.

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