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The Philly headline index fell -8 points to -3, again showing mild contraction after a brief detour into the black in June. The new orders index, the most forward-looking measure, jumped +15 points to a healthy 12 in July.


The Philly index fell back into the red in July, but the survey detail was upbeat. UI claims and existing home sales also remain in good shape. The economy has clearly broken out of its winter doldrums and should remain healthy into 2017.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

FMI's reports are driven by data releases in the U.S. And here are the major releases that they cover,

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