Philly Fed Firms See Slowing in Manufacturing Activity
U.S. Newswire, December, 2007
To: BUSINESS EDITORS
Contact: Katherine Q. Dibling, Assistant Media Advisor of the Federal Reserve Bank of Philadelphia, 1-215-574-4119, katherine.dibling@phil.frb.org
PHILADELPHIA,Dec. 20/PRNewswire/ --Federal Reserve Bank of Philadelphia today issued the following:
Overall conditions in the manufacturing sector deteriorated slightly in December, according to firms responding to this months Business Outlook Survey. While the general activity index fell notably this month, firms continued to report growth in new orders and shipments. A significant share of the firms is still reporting a rise in prices for inputs and for their own manufactured goods. The regions manufacturing executives were less optimistic about future activity this month, and most future...
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