December Philly Fed Business Outlook: 15.4 vs. +30 consensus, +39 prior (unrevised).
The index dropped 24 points; nearly 27% of the firms reported increases in current activity this month, while 11% reported decreases.The current shipments index decreased 17 points, to 15.3, in December.
The prices paid index declined 14 points to 66.1. The percentage of firms reporting increases in input prices (68%) far exceeded the percentage reporting decreases (2%); 27% of the firms reported no change.The current prices received index fell 13 points to 50.4.
Nearly 51% of the firms reported increases in prices received for their own goods this month, none reported decreases, and 49% reported no change.