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Markit’s Services Index ((PMI)) continues to recover from what was one of the weakest readings in October (50.6) since this expansion began in 2009. The PMI increased to 52.8 in December, led by new order growth and a quicker pace of job creation. Orders from foreign customers also saw improvement. Inflationary pressures picked up with cost burdens increasing for a third month in a row, as higher input prices were passed along to customers in the form of higher output prices. This report is consistent with GDP growth of approximately