Purchasing managers index up despite growing concerns

Dec 01, 2011 | 05:01 PM | Corinna Petry

Tags  PMI, purchasing managers index, primary metal producers, fabricated metal products, inventories, new orders, backlogs, corinna petry

CHICAGO — The Institute for Supply Management’s 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 ISM’s 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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