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NY Manufacturing Activity Made ‘Generally Somewhat’ Better Again After Worst Decline In Recorded History
It could have been worse.
After the biggest MoM decline in history, the headline print on Empire manufacturing bounced back into positive territory in July, rising to 4.3, beating estimates and perhaps allaying fears that the US is on the verge of careening into an outright factory slump along with the rest of the world.
As a reminder, here's what happened last month:
Fast forward to July and things were a touch better. "After declining substantially last month, the general business conditi
