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US Manufacturing PMI at 48.4%; November 2024 Manufacturing ISM Report On Business
Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The Manufacturing PMI® registered 48.4 percent in November, 1.9 percentage points higher compared to the 46.5 percent recorded in October. The overall economy continued in expansion for the 55th month after one month of ... (full story)
Added at 10:03am
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US ISM Manufacturing Nov: 48.4 (est 47.6; prev 46.5)
— LSTrade (@LSTrade2) December 2, 2024
- Prices Paid: 50.3 (est 56.0; prev 54.8)
- New Orders: 50.4 (prev 47.1)
- Employment: 48.1 (prev 44.4)
Added at 10:14am
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ISM: US manufacturing activity grows in November
The manufacturing sector in the United States improved slightly while still contracting in November, according to a report from the Institute for Supply Management (ISM) published on Monday. The Purchasing Managers' Index (PMI) rose from 46.5 in October to 48.4. New orders improved by 3.3 points to 50.4 compared to October, while the production indicator added 0.6 point to 46.8. The price index slid by 4.5 points to 50.3, while the employment index grew by 3.7 points to 48.1. "Demand remains weak, as companies prepare plans for 2025 with the benefit of the election cycle ending. Production execution eased in ... (full story)
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- Posted: Dec 2, 2024 10:01am
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