December Philly Fed +7.0 vs +10.0 expected

The report on manufacturing in the Philadelphia area:

• The November reading was +6.5
• The October reading was +19.8

Sub-indexes:

• New orders 15.4 vs 11.8 prior
• Prices paid 20.1 vs 29.9 prior
• Employment 2.2 vs 1.1 prior