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U.S. Manufacturers Growing at Faster Pace as Raw Material Constraint Persists

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Yellow Forklift truck with cardboard boxes and a red arrow up. Increase sales, production of goods. Improving consumer sentiment, Acceleration of economic growth

Economic activity in the manufacturing sector expanded in November, with the U.S. economy achieving its 18th straight monthly growth.

Source: ISM

DXY down -0.05%, EUR USD up +0.03%

ISM manufacturing index jumped to 61.1% in November from 60.8% in October. The figure signals an expansion of the overall U.S. economy.

The New Orders Index posted an increase of 1.7% to reach 61.5% in November compared to the October reading of 59.8%. The Production Index posted 61.5%, an increase of 2.2% from 59.3% in October.

Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management, stated that the U.S. manufacturing sector persists in a demand-driven, supply chain-constraint environment, with signals of slight labor and supplier delivery growth.

Fiore further stated that all segments of the manufacturing economy were affected by record-long raw materials and capital equipment lead times.

In November, the Prices Index grew for the 18th straight month at a slower pace, signaling continued supplier pricing power and scarcity of supply chain goods.

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