Philly Fed Manufacturing firms reported "signs of improvement" in June

Note: Be careful with diffusion indexes. This shows a rebound off the bottom - some improvement from May to June - but doesn't show the level of activity. From the Philly Fed: June 2020 Manufacturing Business Outlook Survey Manufacturing conditions in the region showed signs of improvement this month , according to firms responding to the June Manufacturing Business Outlook Survey. The survey's current indicators for general activity, new orders, and shipments returned to positive territory, coinciding with the gradual reopening of the economy in our region and the nation more broadly. The......(read more)

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