US December Richmond Fed composite manufacturing index -11 vs -5 prior

<ul><li>Richmond Fed composite manufacturing index -11 vs -5 prior</li><li>New orders -14 vs -5 last month</li><li>Services index 0 versus +1 last month</li><li>Shipments -17 versus -8 last month</li><li>Employment -1 versus 0 last month</li><li>Wages +22 vs +25 prior</li><li>Inventories +15 vs +22 prior</li></ul><p>This report is a setback for the soft-landing narrative and the manufacturing recovery narrative but it's not a great indicator. Still, it will be something to keep an eye on when the ISM manufacturing survey is out in early January.</p>

This article was written by Adam Button at www.forexlive.com.