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17 Dec 2015
Philadelphia Fed manufacturing PMI declines in December
FXStreet (Mumbai) - According to firms responding to the December Manufacturing Business Outlook Survey (Philadelphia Reserve Bank), manufacturing conditions in the region weakened this month. The indicator for general activity fell into negative territory in December, decreasing from 1.9 to -5.9. This is the third negative reading in the past four months.
The indexes for new orders and shipments were mixed. The index for current new orders remained negative and fell 6 points, to -9.5.
Firms reported slight increases in overall employment this month and an increase in average work hours compared with November. Manufactured goods prices declined this month. Nearly all of the survey’s future indicators showed notable weakening this month.
The indexes for new orders and shipments were mixed. The index for current new orders remained negative and fell 6 points, to -9.5.
Firms reported slight increases in overall employment this month and an increase in average work hours compared with November. Manufactured goods prices declined this month. Nearly all of the survey’s future indicators showed notable weakening this month.