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BCC Q1 Survey: Manufacturing Growth Eases; Services Edges Up
The BCC survey showed first quarter export sales growth decelerated in both manufacturing and services, while on the domestic front manufacturing sales growth slowed and services growth nudged up. The Q1 domestic services sales balance rose to 6 in Q1 from 5 in Q4, while the domestic services orders balance rose to 5 from -7, both hitting their highest levels since Q2 2010. On the other hand, manufacturing's domestic sales balance fell to 8 from 23 and its domestic orders balance dropped to 11 from 19.