MANUFACTURING SENTIMENT HIGHEST IN MORE THAN 6 YEARS

Key Points:

  • The Manufacturing Purchasing Managers Index (PMI) captures business conditions in the manufacturing sector.
  • Readings above 50 imply the economy is expanding while readings below 50 imply economic contraction.
  • Manufacturing PMI increased to 56.7 in November from 53.4 in October.
  • The 3.7 gain exceeded the consensus among economists of a 0.3 decline.
  • This is the highest Manufacturing PMI in 74 months, dating back to October 2014.
Source