Service sector activity "slowed in December," according to the Federal Reserve Bank of Richmond service-sector activity survey, released Wednesday.

Overall, the service sector revenues index dropped to negative 2 in December, from positive 7 in November, while the number of employees index declined to negative 12 from negative 6, the average wage index dipped to 5 from 9, and the expected product demand during the next six months index fell to zero from 7.

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