Philly Fed manufacturing outlook turned positive to 27.5, future activity hit 30-year high

<p>Philadelphia Fed Manufacturing Business Outlook rose notably to 27.5 in June, up from -43.1. That’s also the first positive reading since February. Future activity index rose 17pts to 66.3, hitting the highest level in nearly 30 years. New orders (16.7), and shipments (25.3) returned to positive territory after negative readings over the past few months. […]</p>
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