US: November PMI signals robust manufacturing growth - Markit
"November survey data indicated improved operating conditions across the US manufacturing sector. The upturn was supported by solid, albeit slightly weaker, increases in output and new orders," Markit announced on Friday.
The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index (PMI) registered 53.9 in November, down from 54.6 in October.
Goods producers increased their output at a rate only slightly below that seen in October.
New orders received by manufacturers rose at the second-fastest pace since March in November.
Employment levels, meanwhile, grew at the second-strongest rate seen since June 2015 in November.
Average prices charged by manufacturers rose further in November, with the pace of inflation accelerating to the fastest in almost four years.