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Philadelphia Fed manufacturing gauge weakens further in December

Por: MarketWatch Politics December 21, 2023

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Key details: The barometer on new orders dropped sharply to negative 25.6 in December after a slightly positive reading of 1.3 in the prior month. The shipments index remained in contraction territory at negative 10.8. The measure on six-month business outlook rose to 12.1 from a negative reading of 2.1 in November. This is the highest reading since July. Big picture: The Philadelphia Fed index is one of the first regional manufacturing gauges... + full article



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