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US Nov manufacturing PMI posted largest jump in 20 months

by ChemOrbis Editorial Team -
  • 24/11/2016 (17:10)
According to the purchasing managers’ index (PMI) released by Markit Economics, the manufacturing sector in the US posted the largest and fastest growth in November since March 2015. This increase was driven by the rebound in new business volumes and strong domestic demand, the data indicates.

Business conditions across the manufacturing sector increased to 53.9 in November from 53.4 in October, according to the seasonally adjusted Markit Flash U.S Manufacturing PMI. Production has increased for the six month consecutively and the rise in November was the strongest since March 2015 on the back of the improving demand and domestic economic conditions.
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