Economic activity in the manufacturing sector expanded at a smoother pace in December than in November with the General Business Activity Index of the Manufacturing Outlook Survey of the Dallas Fed falling to 9.7 from 12 points in November.
Further details from the release revealed that the production index improved to 25.5 from 7.2, the employment index rose to 19.6 from 11.7 and the company’s outlook index rose to 16.8 from 11.
Market reaction
The US Dollar Index showed no reaction to this report and was last seen unchanged on the day at 90.31.
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