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- U.S. manufacturing activity grows as initially estimated in November - HIS Markit
U.S. manufacturing activity grows as initially estimated in November - HIS Markit
The latest
report by IHS Markit revealed on Tuesday the seasonally adjusted IHS Markit
final U.S. Manufacturing Purchasing Managers’ Index(PMI) rose to 56.7 in November,
up from 53.4 in September, matching the earlier released ”flash” estimate. The November
reading pointed to the sharpest growth in factory activity since September 2014.
Economists had
forecast the index to stay unrevised at 56.7.
According to
the report, the uptick in the headline index reflected a substantial gain in
output at manufacturing firms in November. The advance in production was the
steepest in over six years, amid stronger new order inflows.
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