PMI falls to lowest level since summer 2009: ISM
Dec 03, 2012 | 03:25 PM
| Corinna Petry
CHICAGO Declines in new orders, inventories and employment helped drive the November manufacturing purchasing managers index (PMI) down 2.2 percentage points compared with the previous month, according to the Institute for Supply Management (ISM).
"This months reading reflects the lowest level since July 2009," ISM manufacturing business survey committee chairman Bradley J. Holcomb said in a statement Monday.
The new orders index fell to 50.3 percent from 54.2 percent; the inventories index fell 5.0 points to 45.0 percent and the customers inventories index fell 6.5 points to 42.5 percent; and the employment index fell 3.7 points to 48.4 percent, the lowest reading since September 2009.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.