US DATA: July Philly Fed new orders 0.1 vs -7.6, employment 8.9 vs
4.1. Text: “regional manufacturing activity remained weak in July. The
survey’s indicators for activity and new orders, which had turned
negative last month, recovered somewhat but are at very low positive
readings. Firms indicated that employment grew modestly while the
average workweek lessened. Indexes for prices show a continuing trend of
moderating price pressures. The broadest indicator of future activity
improved markedly this month, rebounding from its lowest reading in 31
months in June.” Near steady activity was reported, seeing flat demand.
Special Qs show 50.6% with increased demand and 82.4% saying econ
uncertainty was cause of demand not rising more.
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