Friday, December 1, 2023 10:00 PM EST
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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)
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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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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 information herein constitutes an investment recommendation, investment advice, or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at info@alhambrapartners.com.
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