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Date Posted: 12:20:10 12/24/22 Sat
Author: Jasper
Subject: It's a Wonderful Life

.
he numbers: Two regional gauges of manufacturing activity indicated weakness in December, according to data released Thursday.

The Philadelphia Fed manufacturing index improved to a reading of negative 13.8 in December from negative 19.4 in the prior month. Economists had expected a reading of negative 12 according to a Wall Street Journal survey of economists.

The Empire State Index, meanwhile, declined sharply to a reading of negative 11.2 in December from 4.5 in the prior month, the New York Fed said. Economists had expected a reading of negative 0.5, according to the Wall Street Journal.

Any reading below zero indicates deteriorating conditions.

https://www.marketwatch.com/story/factory-activity-weak-in-new-york-and-philadelphia-regions-in-december-11671112291

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