U.S. manufacturing slumped in December, muddying outlook for 2019

By the Los Angeles Times

Jan 02, 2019

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Five Federal Reserve indexes of regional manufacturing all slumped in December, the first time they’ve fallen in unison since May 2016 and the latest evidence that a pillar of the U.S. economy has started to wobble heading into next year.

The Dallas Fed’s factory index unexpectedly contracted this month, falling to a two-year low of minus 5.1 from 17.6 in November, and the steepest decline since 2013. Oil prices are down about 40% from a nearly four-year high in October.

More than 20% of manufacturers said that their outlook worsened in December, according to the regional Fed report.

Read the full story at latimes.com.

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