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US factory activity contracted further in July, hitting a nine-month low, while consumer sentiment unexpectedly rose to a five-month high. The contrasting data highlights ongoing economic uncertainty.
- ISM manufacturing index drops to 48, signaling the fastest contraction in nine months.
- Consumer sentiment rises to 61.7, a five-month high despite economic headwinds.
- Divergence between industrial weakness and consumer resilience highlights economic uncertainty.
📎 Related coverage from: bloomberg.com