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First Trust RBA American Industrial Renaissance ET
Current condition indices out of Dallas more closely resembled the results of the Philly Fed survey last week with weak breadth and readings falling into the middle of their historical ranges.
At the moment, demand has held up with the index for New Orders ticking up slightly though it is well below levels set earlier in the pandemic.
The Dallas Fed also includes in the report an index on uncertainty; a newer index only dating back to 2018 tracking the change versus the prior month in the firm’s uncertainty about company outlook.