Service Sector Rolls Along Despite Weaker Retail

"Activity in the broad service sector continued to grow in February, despite weaker conditions at retail establishments," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenue index decreased to 11 in February from 12 in January, while the number of employees index grew to 10 from 9, and the average wage index decreased to 6 from 9.

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