Manufacturing PMI eases in Nov., but sector still growing: ISM survey
Dec 01, 2009 | 08:33 AM
| Corinna Petry
Economic activity in the manufacturing sector expanded in November for the fourth consecutive month, with the overall economy growing a seventh straight month, according to the Institute for Supply Management's (ISM's) manufacturing report on business.
Although the Purchasing Managers Index (PMI) for manufacturing fell 2.1 points to 53.6 percent in November from 55.7 percent a month earlier, any score above 50 percent indicates growth. The October index marked the highest rate of growth since April 2006 (AMM, Nov. 4). The ISM's new orders index for November increased to 60.3 percent from 58.5 percent in October, but inventories at manufacturers and their customers continued to fall last month.....
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