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- U.S ISM non manufacturing PMI much lower than expected
U.S ISM non manufacturing PMI much lower than expected
The report was issued today by Anthony Nieves, Chair of the Institute for Supply Management Non-Manufacturing Business Survey Committee:
"The NMI registered 57.4 percent, which is 2.7 percentage points lower than the October reading of 60.1 percent. This represents continued growth in the non-manufacturing sector at a slower rate. The Non-Manufacturing Business Activity Index decreased to 61.4 percent, 0.8 percentage point lower than the October reading of 62.2 percent, reflecting growth for the 100th consecutive month, at a slightly slower rate in November. The New Orders Index registered 58.7 percent, 4.1 percentage points lower than the reading of 62.8 percent in October".
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