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Service sector growth in April at 8-month high

ISM index surges more than expected to 55.2 from 53.1

[WASHINGTON] Service industries expanded in April at the fastest pace in eight months, a sign the biggest part of the US economy will bolster growth this quarter. The Institute for Supply Management's (ISM) non-manufacturing index rose to 55.2, higher than projected, from the prior month's 53.1