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US manufacturing falls to 6-year low in Nov: ISM

by ChemOrbis Editorial Team -
  • 02/12/2015 (16:25)
An index for US manufacturing activity declined to the lowest level seen since June 2009 in November, according to data reported by the Institute of Supply Management (ISM). The Institute’s manufacturing index fell to a reading of 48.6 in November from October’s reading of 50.1. Any reading above 50 indicates expansion. ISM’s latest reading for November also fell below initial estimates, which called for a reading of 50.5 in a survey by Reuters.

An index of new orders declined to a reading of 48.9 in November to post the lowest reading since August 2012 while the employment index increased to a reading of 51.3 following a reading of 47.6 in the previous month, posting the strongest reading since July.
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