The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for November was 49.7, up 1.2 points from October but remaining just below the 50 no-change point for the fifth month. Manufacturers reported improvements in new orders and employment while output remained slow.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global
