US business levels fall sharply amid coronavirus

US business levels fall sharply amid coronavirus

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Business activity in the US service sector fell last month for the first time since 2013, hurt by the coronavirus, according to a survey.

The drop came amid a “notable worsening” in the services sector, which includes finance and retail, the IHS Markit research firm reported.

New orders received by private sector firms also declined for the first time since 2009,…

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