US: ISM non-manufacturing PMI improves to 60.7 in November vs 59.2 expected

“The NMI (Non-Manufacturing Index) registered 60.7 percent, which is 0.4 percentage point higher than the October reading of 60.3 percent,” the ISM reported on Thursday.

Key takeaways from the press release

  • The New Orders Index registered 62.5 percent, 1 percentage point higher than the reading of 61.5 percent in October.
  • The Employment Index decreased 1.3 percentage points in November to 58.4 percent from the October reading of 59.7 percent.
  • The Prices Index rose 2.6 percentage points from the October reading of 61.7 percent to 64.3 percent, indicating that prices increased in November for the 33rd consecutive month.
  • The non-manufacturing sector continued to reflect strong growth in November. However, concerns persist about employment resources and the impact of tariffs. Respondents remain positive about current business conditions and the direction of the economy.

Articles You May Like

Italian government said to have agreed on new fiscal targets to submit to the EU
Gold Price Technical Outlook: Bulls Pause After $1250 Test
AUD getting hit (again) after the China data miss
EURUSD moves to new session lows after better retail sales
EUR/GBP Technical Analysis: Target hit as Euro drops to the 0.8970 level – Next destination is the 0.8900 figure

Leave a Reply

Your email address will not be published. Required fields are marked *