Macro: ISM Mfg PMI
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The ISM PMI came in unchanged in November at 46.7, the 13th consecutive month this series has indicated a contraction in manufacturing.
On a positive note, though current production dropped, new orders rose.
Other data points of note:
- Export orders dropped (6 of 18 industries reporting growth)
- Backlogs dropped (no industry-reported growth in backlogs)
- Prices are no longer going down (7 of 18 industries report paying higher prices for raw materials)
- Employment dropped (3 of 18 industries reported an increase in employment)
More By This Author:
Macro: Incomes And Consumption ExpendituresMacro: Construction Spending
Macro: Chicago Business Barometer For November 2023
Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the ...
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