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In this July 6, 2011 photo, technician Chris Shannon works on a costumers car at a Pep Boys Auto retail and service location, in Philadelphia. (Matt Rourke/Matt Rourke/AP)
In this July 6, 2011 photo, technician Chris Shannon works on a costumers car at a Pep Boys Auto retail and service location, in Philadelphia. (Matt Rourke/Matt Rourke/AP)

Pace of U.S. services growth quickens in December Add to ...

The pace of growth in the dominant U.S. services sector quickened a bit in December, an industry report showed on Thursday, suggesting continued improvement in the economy.

The Institute for Supply Management said its services sector index rose to 52.6 last month from 52.0 in November. The reading fell shy of economists’ forecasts for 53.0, according to the Reuters Poll, but was above the 50 mark that indicates expansion.

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