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ISM services-sector gauge drops to 57.3% in March

ISM services-sector gauge drops to 57.3% in March (by Jeffry Bartash)

WASHINGTON (MarketWatch) - The Institute for Supply Management's services-sector index for March fell to 57.3% from 59.7% in February, the private group reported on Tuesday. Economists surveyed by MarketWatch expected the ISM services index to edge down to 59.0% last month from February's number, which was the highest level in six years. Any reading over 50% indicates that more firms are expanding than contracting.