This morning the U.S economy released further manufacturing indicators represented with the Philadelphia Fed index regarding the month of December where it came out at 24.3 exceeding the prior 22.5 reading, and opposite to the expectations of a drop to 15.0.

Within the index we see that Prices Paid climbed from 34.0 previously to reach 51.2, as for Prices Received it climbed from -2.1 to 10.7. New Orders climbed from 10.4 to reach 14.6, and Inventories climbed from -5.9 to reach -2.0.

On the other hand Shipments dropped from 16.8 to reach 7.3 while Number of Employees dropped from 13.3 and reached 5.1.