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16 Dec
20:36

Philly Fed sees slowdown in manufacturing growth

Manufacturing activity in the Northeast US continues to grow, but that growth is becoming less widespread, Kallanish learns from the Federal Reserve Bank of Philadelphia. The December manufacturing business outlook survey from the Philly Fed reveals declines in the general activity, shipments, and new orders indices, which all fell to their lowest readings of 2021. The Fed reported moderation in the future general activity and new orders indices, “but the s…
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