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.
Author: Ricardo Aceves, Senior Economist