US manufacturing PMI drops to its weakest in 25 months

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The Markit's flash US manufacturing purchasing manager's index (PMI) for November came in at 52.6, the lowest level in 25 months.

    The economists were expecting the index to drop to 53.9 from October’s 54.1. The official report says the index measuring new orders from abroad dipped back inside negative territory in November. Average cost burdens fell for the third month running. Factory gate charges increased only fractionally in November, and the rate of output charge inflation remained well below the long-run survey average.

    Key points

    Output 54.6 vs 55.6 prior

    Employment 51.9 vs 53.2 prior

    New orders 53.1 vs 55.6 prior
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