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The PMIs probably understate the hit to activity last month, the services index remained above the low of 45.2 that it hit last August during the Delta wave. That's probably because the survey was conducted prior to the worst disruptions.

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    Quiz

    Are you a quotes master?

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    "Float like a butterfly, sting like a bee."
    A Rocky Marciano
    B Joe Frazier
    C Mike Tyson
    D Muhammad Ali