Philadelphia-Area Manufacturing Falls in December

Philadelphia, PA, Dec. 18, 2014 -- The Philadelphia Fed’s manufacturing index decreased 16 points to 24.5 this month.

The bank’s survey also showed that new orders and current shipments indexes also weakened significantly.

The current new orders index decreased 20 points, from a reading of 35.7 last month to 15.7 this month.

Shipments also fell 16 points to 16.1.