The Economic Tendency indicator holds steady in December
The Economic Tendency Indicator held at 106.3 in December. There was also relatively little movement in the various sector indicators, and they continue to paint a mixed picture. Consumers and the service sector, for example, are more pessimistic than normal, while the signals from manufacturing are still unusually strong.The confidence indicator for the manufacturing industry inched up marginally further in December and was already well above normal levels. Manufacturers remain positive about their order books and anticipate strong production growth in the coming months. The confidence