The New York Fed reported that regional manufacturing activity picked up considerably in July, signaling an improvement in near-term industrial momentum. While no specific figures were provided, the direction of change is supportive for growth expectations and lessens immediate downside fears for the manufacturing cycle.
The New York Fed reported that regional manufacturing activity picked up considerably in July, signaling an improvement in near-term industrial momentum. While no specific figures were provided, the direction of change is supportive for growth expectations and lessens immediate downside fears for the manufacturing cycle.
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mildly positive
Sentiment Score
0.15
