FYI: Today’s report on manufacturing activity in the Philadelphia region was slightly weaker than expected (7.6 vs 7.8) and down slightly from last month’s reading of 9.7. For a report as volatile as this one, though, the magnitude of the miss is pretty negligible. This month’s report marked the fourth straight month where the headline index was positive, and while that may not sound like much, that’s the first time it has happened since the middle of 2015.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/philly-fed-slightly-weaker/
