US manufacturing beats estimates in Nov
The ISM’s manufacturing index decreased to a reading of 58.7, posting a slight decrease when compared to October’s reading of 59. However, November’s reading still stands above the initial estimates, which called for a decrease to 58 in a survey conducted by Bloomberg. Any reading above 50 indicates expansion.
ISM’s measure of orders increased to a reading of 66 from the reading of 65.8 reported in October while exports also climbed to a reading of 55 from 51.5 in previous month. ISM’s measure of production decreased to 64.4 from a reading of 64.8.
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