United States: ISM manufacturing index ticks up in November
The Institute for Supply Management (ISM) manufacturing index increased slightly to 61.1 in November from 60.8 in October. Consequently, the index moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
November’s marginally stronger expansion was predominately driven by a healthier new orders, employment and production levels. Meanwhile, input prices continued to increase in November, while supplier delivery times were lengthened relative to the previous month.