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Philly Fed Index Remains Negative For Fourth Straight Month In December

Por: RTTNews Business December 15, 2022

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Philadelphia-area manufacturing activity contracted at a slower rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.The Philly Fed said its diffusion index for current activity rose to a negative 13.8 in December from a negative 19.4 in November, although a negative reading still indicates a contraction. Economists had expected the index to climb to a negative 10.0. Despite the... + full article



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