Purchasing managers index up despite growing concerns
Dec 01, 2011 | 05:01 PM
| Corinna Petry
CHICAGO The Institute for Supply Managements purchasing managers index (PMI) rose 1.9 points in November to 52.7 percent based on gains in new orders, production, inventories and prices.
"The new orders index increased 4.3 percentage points from October, reflecting the second month of growth after three months of contraction," Bradley J. Holcomb, who chairs the ISMs Manufacturing Business Survey Committee, said. "While the prices index, at 45 percent, increased 4 percentage points from the October reading of 41 percent, prices of raw materials continued to decrease, (registering below 50 percent) for the second consecutive....
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