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US November PMI at seven-month high amid stronger upturn in new orders
November data indicated a faster rate of improvement in operating conditions across the U.S. manufacturing sector. Overall growth was supported by quicker expansions in production and new orders, with both domestic and foreign client demand strengthening. Manufacturers also increased their workforce numbers at a quicker pace amid reports of greater operational requirements. Business confidence remained historically muted, however, as global economic uncertainty continued to weigh on expectations. Meanwhile, rates of input price and output charge inflation picked up due to supplier shortages, tariffs and higher raw ... (full story)