The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity contracted at a modestly faster rate in the month of June.The Philly Fed said its diffusion index for current activity fell to a negative 13.7 in June from a negative 10.4 in May, with a negative reading indicating contraction. Economists had expected the index drop to a negative 14.0.The...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.