Philly Fed Manufacturing "continued to expand" in August

Note: Be careful with diffusion indexes. This shows a rebound off the bottom - some improvement from May to August - but doesn't show the level of activity. From the Philly Fed: August 2020 Manufacturing Business Outlook Survey Manufacturing activity in the region continued to expand this month , according to firms responding to the August Manufacturing Business Outlook Survey. The survey's current indicators for general activity, new orders, and shipments remained positive for the third consecutive month but fell from their readings in July. The employment index also fell from its reading in ......(read more)

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