USA: Philly Fed index falls into negative territory

(CercleFinance.com) - Manufacturing activity in the Philadelphia region contracted in November, according to the local Fed survey, with the Philly Fed diffusion index of general current activity falling from +10.
3 in October to -5.5 for the current month.

Nearly 18% of companies reported an increase in general activity this month (versus 24% last month), while 23% reported a decrease (versus 14%) and 58% reported no change.

The new orders and deliveries indices also fell, but remained positive, losing five points to +8.9 and three points to +4.5 respectively, while the employment index returned to positive territory, at +8.6.

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