The rate of annual sales growth among privately held U.S. companies is slowing significantly, according to new data from financial information company Sageworks Inc.

Average annual sales growth for private companies has slowed to around 5.4 percent currently from nearly 11 percent in January and from around 8 percent a year earlier, according to the Sageworks Private Company Indicator, a real-time measure based on financial statements filed in the most recent three months.

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