The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for November was 52.2, slipping 0.3 points from October but marking the fourth consecutive month above the 50 growth point. Manufacturers reported a solid increase in output driven by new orders, along with higher production and employment.
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