- Prior was -16.6
- Firm-level activity +2.0 vs -7.5 prior
- New orders -13.3 vs -16.2 prior
- Employment +11.9 vs -14.3 prior
This is a low-tier indicator but it certainly indicates an improvement.
Philly Fed July non-manufacturing index +1.4 vs -16.6 prior
- Big jump in the service-sector survey
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