The Institute for Supply Management's Purchasing Managers' Index (PMI) registered 52.7 percent in November, jumping 1.9 percent from October after--the fastest expansion in five months. The October PMI had fallen 0.8 percent from September. November's reading also indicates expansion in the US manufacturing sector for the 28th consecutive month.
New orders, production and prices increased the most substantially in November, rising 4.3 percent, 6.5 percent and 4 percent, respectively. Meanwhile, the import index was down 0.5 percent, exports rose 2 percent and inventories were up 1.6 percent.