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Sat 07 Jul 2009Decline in service sector at slowest rate in 14 months

SERVICE SECTOR activity declined again in June, but the pace of contraction eased to its slowest pace in 14 months, according to data published yesterday.

The NCB purchasing managers' index (PMI) for the Irish services sector - an early snapshot of business activity, prices, employment and sentiment - found that new orders at services companies fell for the 17th month in a row.

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