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HOUSTON, Dec. 17 (Xinhua) -- U.S. Federal Reserve Bank of Philadelphia on Thursday reported that regional manufacturing activity continued to grow in December, but growth was less widespread.
According to the December Manufacturing Business Outlook Survey, the current indicators for general activity, new orders, and shipments remained positive for the seventh consecutive month but fell notably from their readings in November. Some future indexes also moderated this month but continue to indicate that firms expect growth over the next six months.
The diffusion index for current activity fell 15 points to 11.1 in December, its lowest positive reading following its fall to long-term lows in April and May.