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Chart of the Week

Archived Chart: From February 5, 2019

The Institute for Supply Management (ISM) Survey of the service sector moved down for the second month in a row in January. Anecdotal comments from survey participants included references to uncertainty regarding the government shutdown and tariffs. The service sector represents roughly two-thirds of U.S. GDP and an abrupt decline through the red dotted line on the graph below would spell trouble for the economy. We’ll be following this key indicator closely in the months to come... stay tuned.

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