(CercleFinance.com) – The decline in activity in the manufacturing industry in the northeastern United States slowed down in January, shows a survey by the Philadelphia Fed published on Thursday.
This index, known as ‘Philly Fed’, rose to -8.9 after falling -13.7 in December, while economists forecast a more limited recovery, around -11.
This is the seventh time it has moved below zero in the past eight months.
The employment sub-index improved markedly, rising from -0.9 to +10.9 month-on-month, as did the new orders index, which rose but remained in negative territory. , at -10.9.
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