US: ISM Manufacturing PMI drops to 49 in November vs. 49.8 expected – by eren_fxstreet Manufacturing PMI EconomicIndicator Macroeconomics UnitedStates
US Dollar Index continues to push lower, losing more than 1% on the day.manufacturing sector contracted in November with the ISM Manufacturing PMI declining to 49 from 50.2 in October. This reading came in below the market expectation of 49.8.
Assessing the data,"with Business Survey Committee panellists reporting softening new order rates over the previous six months, the November composite index reading reflects companies' preparing for future lower output," said Timothy R. Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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