Philadelphia Federal Reserve Bank’s manufacturing index dropped to 24.5 in December

Market news

18 December 2014

Philadelphia Federal Reserve Bank’s manufacturing index dropped to 24.5 in December

The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index dropped to 24.5 in December from 40.8 in November.

Analysts had expected the index to decline to 26.3.

The survey said a pace of expansion was slowing, but there is still general optimism.

A reading above zero indicates expansion.

U.S. preliminary services PMI declined to 53.6 in December

Swiss National Bank has introduced a negative deposit rate

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