Commentary

The Services PMI and ISM Non-Manufacturing Index came in at 52.8 and 55.0, respectively, for December. Factory Orders were down 0.7% for November, after having been up 0.2% for October.

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U.S. Industrial Production was up 1.1% for November, after having been down 0.9% in October. Capacity Utilization stood at 77.3%.

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U.S. Productivity was revised to -0.2% for Q3 2019 from -0.3% previously. The Consumer Price Index was up 0.3% for November and up 2.1% for the year ended November.

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