Home / Market Update / US: Philly Fed Non-manufacturing Firm-Level Business Activity Index Improves in December

US: Philly Fed Non-manufacturing Firm-Level Business Activity Index Improves in December

The Firm-level Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved slightly to 5.6 in December from 5.3 in November. On a negative note, the Regional Business Activity Index slumped to -26.8 from -15.9.

Check Also

Gold Rises in Asia as Fiscal Jitters and Fed Uncertainty Lift Safe-Haven Demand

Gold advanced in Asian trading, supported by safe-haven flows amid fresh worries about fiscal sustainability …