“Activity in the service sector remained anemic in October,” according to the Federal Reserve Bank of Richmond service-sector activity survey released yesterday.

Overall, the service sector revenues index narrowed to negative 10 in October from negative 15 in September, while the number of employees index widened to negative 15 from negative 9, the average wage index decreased to 6 from 8, and the product demand during the next six months index slumped to 2 from 15.

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