Philly Fed Manufacturing firms reported "continued weakness" in May

From the Philly Fed: May 2020 Manufacturing Business Outlook Survey Manufacturing firms reported continued weakness in regional manufacturing activity this month, according to results from the Manufacturing Business Outlook Survey. Despite remaining well below zero, the survey's current indicators for general activity, new orders, shipments, and employment rose this month after reaching long-term low readings in April. The firms expect the current slump in manufacturing activity to last less than six months, as the broadest indicator of future activity strengthened further from last month's......(read more)

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