Live Comments Philadelphia Fed manufacturing outlook dropped sharply to 0.3

    Philadelphia Fed manufacturing outlook dropped sharply to 0.3

    Philadelphia Fed Manufacturing Outlook dropped sharply to 0.3 in December, down from 10.4, and missed expectation of 8.5. It’s also the worst reading in six months. The result indicated “essentially flat growth” in the region’s manufacturing sector. Looking at some details, employment index dropped -4pts to 17.8. Prices paid index rose 11 pts to 19.0.

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