Economy is growing, but too slowlyPersonal Finance News:
Economy is growing, but too slowly
The U.S. economy may not be growing as fast as we'd like, but most sectors are growing, with increased sales, production and hiring.
That's the take-away from two modestly discouraging economic reports released on Wednesday by private-sector groups. The Institute for Supply Management’s nonmanufacturing index plunged unexpectedly in April, falling to 52.8%. Remember, any reading over 50% indicates that most firms surveyed said business had improved compared with March.
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