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Published on Jul 24, 2012
Manufacturing firms responding to the Business Outlook Survey continued to report weak business conditions in July. The survey's diffusion index of current activity increased to −12.9 from a reading of −16.6 in June, marking the third consecutive negative reading for the index. The survey's indicators of activity over the next six months remained positive but moderated somewhat from June. Read the press release at: http://www.philadelphiafed.org/newsro...