Two U.S. regional Federal Reserve gauges of manufacturing activity were mixed in June, according to data released Thursday.
The numbers: Two U.S. regional gauges of manufacturing sentiment showed signs in June that they may be improving after a rough patch, according to data released Thursday.
The... The numbers: Two U.S. regional gauges of manufacturing sentiment showed signs in June that they may be improving after a rough patch, according to data released Thursday. The New York Federal Reserve’s Empire State Index, meanwhile, jumped to a reading of 6.6 in June from negative 31.8 in the prior month, the New York Fed said. Economists had expected a reading of negative 16, according to the Wall Street Journal. The index had in negative territory for five of the past six months.Key details: In key subcomponents in the Philadelphia survey, new orders fell to negative 11 in June from negative 8.9 in the previous month.
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