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

Overall, the service sector revenues index improved to positive 11 in September, from negative 6 in August, while the number of employees index reversed to negative 2 from positive 4, the average wage index slid to 8 from 10, and the expected product demand during the next six months index grew to 9 from 7.

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