Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM Manufacturing Purchasing Manufacturers Index (PMI) decreased 2.2 percentage points in November to 49.5 percent (from 51.7 percent in October) following two consecutive months of being above the growth threshold of 50.0. It has also fallen below its 2012:Q3 average of 50.3 percent. This is the lowest the PMI has been since its July 2009 level of 49.2 percent. The only increases occurred in the production (up 1.3 points to 53.7 percent), import (up 0.5 points to 48.0 percent), and supplier deliveries (up 0.7 points to 50.3 percent) components. These modest gains were offset by the decreases in the other components. Specifically, new orders shed its recent gain in October by decreasing 3.9 points to 50.3 percent, but still managed to maintain its third consecutive month above the growth threshold. Prices paid also decreased by 2.5 points to 52.5 percent, its fourth consecutive month above 50.0 percent. The employment component decreased 3.7 percentage points to 48.4 percent, its lowest level since September 2009. This is also the first time the employment index has dropped below 50.0 since October 2009.