• Manufacturing activity in the U.S. mid-Atlantic region contracted for a fourth straight month in December, but factory operators reported a brighter outlook and said inflation pressures were easing notably, a survey released Thursday showed.
  • The Philadelphia Federal Reserve’s monthly manufacturing activity index climbed to negative 13.8 from negative 19.4 in November. Economists polled by Reuters had estimated a reading of negative 10.
  • New orders tumbled to the lowest since the early days of the coronavirus pandemic in April 2020 and firms said employment shrank.