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The outlook for business activity did not deteriorate this month as much as might have been expected, given the drumbeat of negative news since our last report. Our latest batch of data does not offer much hope for optimists, but does not provide much fodder for gloom-and-doom pessimists either. For a more in-depth analysis, please see the latest issue of Research Reports. AIER's Percentage of Leading Indicators Expanding: 33 Percent 
AIER's Cyclical Score: 50 Percent 
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