In the wake of the vast majority of panel members’ reporting unchanged conditions, the December current conditions component narrowed to 50 points after hitting 58.8 last month. An undercurrent of unease and uncertainty rippled through many comments, touching on trade concerns, weakness in the industrial sector, and the impeachment drama. However, similar to last month’s report, the quantitative results were probably best reflected in the remark noting, “business conditions [are] steady but at a high level.  

Read the full report.