Production increased only marginally in the month for the weakest rate in more than two years. Despite all the weakness, the sample's employment is up so far this month though further gains, given all the weakness, are definitely in doubt. Inventories of finished goods moved higher in the month but the build is likely unplanned, tied to weak production. Price data remain very quiet.
Recent History Of This Indicator:
The manufacturing PMI, which had been posting much stronger levels of activity than other manufacturing reports, slowed sharply in November with new orders showing their slowest pace in more than two years. Export orders have been in outright contraction, once again the result of weak foreign demand made weaker for U.S. goods by the strength of the dollar. Forecasters see the December flash holding steady at November's 52.8 level.
The manufacturing PMI, which had been posting much stronger levels of activity than other manufacturing reports, slowed sharply in November with new orders showing their slowest pace in more than two years. Export orders have been in outright contraction, once again the result of weak foreign demand made weaker for U.S. goods by the strength of the dollar. Forecasters see the December flash holding steady at November's 52.8 level.
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