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Manufacturing output resumes its decline

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Led by vehicles and other durable goods, manufacturing output falls in April. Philly Fed factory activity weakens in May, an early sign of further slowdown in overall manufacturing. Housing starts pick up, but trend remains subdued. Initial jobless claims decline. Trend consistent with robust labor demand. Import prices jump, despite a strong dollar.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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