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Weakest expansion of U.S. manufacturing output since January
Business conditions continued to improve across the U.S. manufacturing sector in November, but the pace of recovery eased to its weakest since the start of 2014. This was highlighted by the final Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) registering 54.8 in November (earlier ‘flash’ reading 54.7), down from 55.9 in October and the lowest reading for ten months. Nonetheless, the latest PMI figure, which is designed to signal changes in prevailing business conditions in the U.S. manufacturing sector, remained well above the neutral 50.0 threshold. November data signalled that manufacturing ... (full story)
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