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Philadelphia Fed manufacturing index continues long trend in contractionary territory

Por: MarketWatch Politics November 16, 2023

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This is the 16th negative reading in the past 18 months. Key details: The barometer on new orders fell 3 points but remained at positive 1.3 in November. The shipments index dropped sharply from 10.8 in October to negative 17.9 this month. The six-month business outlook fell from 9.2 in October to negative 2.1 this month, which was the first negative reading since May. Big picture: Economists have been talking about the possibility of a... + full article



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