U.S. November Manufacturing PMI was 57.5%, down 1.8% from October’s 59.3%, and below expected 58.0, according to press release. Manufacturing strengthened for the sixth straight month, but at slower rates compared to October.
- New Export Orders Index was 57.8%, up from the previous 55.7%
- Supplier Deliveries Index was 61.7%, up from the previous 60.5%
- Backlog of Orders Index was 56.9%, up from the previous 55.7%
- Prices Index was 65.4% down 0.1% from October but above expected 65.0%
- New Orders Index was 65.1% down from the previous 67.9%
- Employment Index was 48.4% down from the previous 53.2%
- Inventories Index was 51.2% down from the previous 51.9%
- Customers’ Inventories was 36.3%, down from previous 36.7%
- Import Index was 55.1%, down from previous 58.1%
- Production Index was 60.8%, down from the previous 63%
U.S. stocks are currently gaining as the dollar loses ground. SPY is up 1.27%, QQQ:NASDAQ is up 1.55%, EURUSD is up 0.99%
