Reported 2 days ago
The Philadelphia Federal Reserve's manufacturing index fell to its lowest level in nearly two years in December, registering at negative 16.4, down from negative 5.5 in November. The report highlights a continued slump in the factory sector, with new orders plummeting and overall manufacturing activity contracting, as industry leaders express tempered optimism for future growth amid persisting economic pressures and higher borrowing costs.
Source: YAHOO