International Economic

Philly Fed index surprises to the downside in December

By Alexander Bueso

Date: Thursday 19 Dec 2024

(Sharecast News) - Activity in the US mid-Atlantic region weakened at the end of 2024, the results of a closely followed survey showed.
The Federal Reserve Bank of Philadelphia's manufacturing sector index slipped from a reading of -5.5 in November to -16.4 for December.

Economists had forecast a reading of...

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