United States Philadelphia Fed Manufacturing Survey came in at -5.9 below forecasts (1.5) in December

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Dec 17, 2015

United States Current Account below expectations ($-118B) in 3Q: Actual ($-124.1B)

Philadelphia Fed manufacturing PMI declines in December

According to firms responding to the December Manufacturing Business Outlook Survey (Philadelphia Reserve Bank), manufacturing conditions in the region weakened this month. The indicator for general activity fell into negative territory in December, decreasing from 1.9 to -5.9. This is the third negative reading in the past four months.