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- U.S. final manufacturing purchasing managers' index (PMI) declines to 52.8 in November
U.S. final manufacturing purchasing managers' index (PMI) declines to 52.8 in November
Markit Economics released its final manufacturing purchasing managers' index (PMI) for the U.S. on Tuesday. The U.S. final manufacturing purchasing managers' index (PMI) decreased to 52.8 in November from 54.1 in October, up from the previous estimate of 52.6.
A reading above 50 indicates expansion in economic activity.
The index was driven by a slower pace of growth in output, new orders and employment.
"While the pace of manufacturing growth appears to have slowed in November, it remains encouragingly resilient, which is all the more impressive once headwinds such as the strength of the dollar and malaise in overseas markets are taken into account," Markit's Chief Economist Chris Williamson said.
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