US manufacturing PMI falls to two-year low in November
by ChemOrbis Editorial Team - content@chemorbis.com
According to a flash purchasing managers’ index (PMI) released by Markit Economics, the manufacturing sector in the US posted its lowest reading in two years in November as a stronger dollar and slowing global demand continued to restrict market activities.
The November manufacturing PMI fell to a reading of 52.6 following a final reading of 54.1 in October. The latest reading missed economists’ initial estimates, which called for a reading of 54 in a survey conducted by the Wall Street Journal. Any reading above 50 indicates an expansion.
The November manufacturing PMI fell to a reading of 52.6 following a final reading of 54.1 in October. The latest reading missed economists’ initial estimates, which called for a reading of 54 in a survey conducted by the Wall Street Journal. Any reading above 50 indicates an expansion.
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