– While a report released by the Federal Reserve Bank of Philadelphia on Thursday said that regional manufacturing activity remained weak in July, the index of activity climbed back into positive territory after turning negative in June.

The Philly Fed said its diffusion index of current activity rose to a positive 3.2 in July from a negative 7.7 in June, with a positive reading indicating an increase in activity. Economists had expected the index to increase to a reading of 5.0.

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