US DATA: Jun Philly Fed text: “Responses to the Business Outlook
Survey suggest that regional manufacturing activity weakened in June.
The survey’s indicators for activity and new orders turned negative this
month, while indicators for shipments and employment fell but remained
slightly positive. Indicators for prices show a continuing trend of
moderating price pressures. The broadest indicator of future activity
fell sharply in June, recording its lowest reading in 31 months.”
47% in special Q report increased base prices.