United States PMI November 2016

United States

United States: U.S. manufacturing advances further in November

December 1, 2016

The ISM manufacturing index continued to advance in November, signaling an improvement in the U.S. manufacturing sector. The indicator rose from 51.9 in October to 53.2 in November and also beat market expectations of 52.5. The result brought the ISM index further above the 50-threshold that indicates an expansion and to the highest level in five months.

The improvement in November was broad-based. Both new orders and production increased from the previous month, with the latter reaching the highest level in nearly two years. Supplier delivery times also rose to a nearly two-year high in November and the employment sub-component declined only slightly.

FocusEconomics Consensus Forecast panelists expect that industrial production will contract 0.5% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, panelists see industrial production rebounding and expanding 1.8%, which is down 0.1 percentage points from last month’s estimate.

Author:, Senior Economist

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United States PMI Chart

USA PMI November 2016

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management.

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