Jun 26, 2019 - Economy

June's sinking U.S. factory activity

Data: Federal Reserve; Chart: Chris Canipe/Axios

The onslaught of underwhelming U.S. manufacturing data continued as the Richmond Fed reported factory activity barely expanded during the month, reflecting a decrease in the employment index.

By the numbers: Recent Fed data shows negative readings on manufacturing from its regional Dallas and New York bank areas, with the Philadelphia area coming in at 0.3.

Go deeper: Manufacturing is falling fast and hard

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