USA: manufacturing PMI approaches 50 in November

(CercleFinance.com) - The US manufacturing PMI - calculated by S&P Global - rose to 49.
7 in November from 48.5 the previous month, and thus fell slightly below the 50 threshold which marks the boundary between expansion and contraction in the sector's activity.

S&P Global points out that a sharp slowdown in the decline in new orders played a central role in this near-stabilization of manufacturing activity, with manufacturers pointing to improved domestic demand following the presidential election.

Although production fell again last month, manufacturers' production outlook for the coming year has improved significantly, with companies in the sector hoping for favorable measures from the future administration.

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