Aug 25 (Reuters) – – The pace of growth in the U.S. services sector fell for a second straight month in August, dropping to its lowest level since May, a survey showed on Monday.

Financial data firm Markit said its preliminary services Purchasing Managers Index fell to 58.5 in August, below both the July reading of 60.8 and the analyst expectation for a read of 59.5.

A reading above 50 signals expansion in economic activity.  Read more