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FYI: Manufacturing activity in the New York area improved in May, but as has been the trend of late, the pace of improvement was more tepid than expected. While economists were expecting the headline index to improve to 5.0 vs last month’s reading of -1.2, the actual reading came in at 3.1. Regards, Ted https://www.bespokepremium.com/think-big-blog/empire-manufacturing-report-weaker-than-expected/
