Service sector activity "grew moderately" in February, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Overall, the service sector revenues index slid to 11 in February, from 13 in January, while the number of employees index increased to 3 from zero, the average wage index climbed to 14 from 7, and the expected product demand during the next six months index rose to 16 from 10.

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