ISM Manufacturing contracts in November

The ISM Manufacturing Index registered 49% in November; 1.2 points lower than October’s reading of 50.2%. This figure indicates the 30th consecutive month of expansion in the overall economy.

The Employment Index returned to contraction territory at 48.4%, down 1.6 points after being unchanged in October at 50%.

The New Orders Index remained in contraction territory at 47.2%, 2.0 points lower than the 49.2% recorded in October.

The New Export Orders Index reading of 48.4% is up 1.9 points compared to October’s reading of 46.5%.

The Inventories Index registered 50.9%, 1.6 points lower than the October reading of 52.5%.

Read the ISM release.