Philly Fed: December Manufacturing Index revised up to 27.9 from 26.2

Eren Sengezer FXStreet

The Federal Reserve Bank of Philadelphia recently released its revisions to manufacturing data.

Key quotes

While this year's revisions altered levels of the indexes for most months, the general pattern of month-to-month change in most series was similar.

For the final two months of 2017, the current activity index was revised upward from its previously reported readings.

For November 2017, the current activity index was revised upward slightly to 24.3 from the previously reported reading of 22.7.

For December 2017, the index was revised upward from 26.2 to 27.9.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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